The average and median sales prices of single family homes in Lunenburg and Queens counties on the South Shore are up in October 2009 compared to October 2008. However raw sales are down, homes are taking a little longer to sell and inventory for all of the South Shore is the same as last October. Although inventory remains relatively unchanged from last year, the available inventory of homes is higher due to the drop in sales.
But even in the difficult overall economic environment South Shore homeowners in general are retaining the value in their homes. At the same time buyers have a good inventory from which to choose at attractive mortgage rates.
For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.
The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period October 2008 through October 2009.