Halifax Real Estate Market Report - 1st Half, 2017

Market Trends

Jul 4, 2017

Halifax Real Estate Market Report - 1st Half, 2017.  Areas 1 through 40 which encompass all of HRM.

CONDOS

Number of Active Listings = 447

Average Sale Price = $247,062

% vs 2016 =  -6.4% decrease

Number of Sales = 224

% vs 2016 = -3% decrease

Average Days on Market = 106

Number of Sales Last Month = 70

*Absorption Rate = 14 weeks

Type of Market = Sellers

Absorption Rate is the number of weeks it would take to sell out the current inventory at the previous months pace of sales. Balanced market = 24 weeks | Buyers = > 24weeks | sellers = < 24 weeks 

For a more detailed report of the Downtown Halifax Condo market, click here

 

 SINGLE FAMILY

Number of Active Listings = 2389

Average Price = $311,820

% vs 2016 =  +3.4% increase

Number of Sales = 1622

% vs 2016 =  +3.5% increase

Average Days on Market = 93

Number of Sales Last Month = 513

*Absorption Rate = 20 weeks

Type of market = Sellers

Absorption Rate is the number of weeks it would take to sell out the current inventory at the previous months pace of sales. Balanced market = 24 weeks | Buyers = > 24weeks | sellers = < 24 weeks

 

MULTI-UNIT( 2 Units - 12 units)

Number of Active Listings = 89

Average Price = $420,417

% vs 2016 =  +5% increase

Number of Sales = 61

% vs 2016 =  +5% decrease

Average Days on Market = 99

Number of Sales Last Month = 23

*Absorption Rate = 11.5 weeks

Type of Market = Sellers

*Absorption Rate is the number of weeks it would take to sell out the current inventory at the previous months pace of sales. Balanced market = 24 weeks | Buyers = > 24weeks | sellers = < 24 weeks

If you would like more information on the Halifax Real Estate market, a particular listing or just have general questions please do not hesitate to reach out.  

Cheers,

Andrew Perkins

andrew@andrewperkins.ca

902-488-0012