Halifax Real Estate Market Report - 1st Half, 2018

Market Trends

Halifax Real Estate Market Report - First Half 2018

CONDOS

Number of Active Listings = 382

Average Sale Price = $259,693

% vs 2017 =  +5% increase

Number of Sales = 271

% vs 2017 =  +20% increase

Average Days on Market = 83

Number of Sales Last Month = 75

*Absorption Rate = 23 weeks

Type of Market = Balanced

*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 = 2109

Average Price = $312,791

% vs 2017 =  +0.5% increase

Number of Sales = 1774

% vs 2016 =  +9.4% increase

Average Days on Market = 74

Number of Sales Last Month = 540

*Absorption Rate = 17 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 = 103

Average Price = $413,118

% vs 2017 =  -4.6% decrease

Number of Sales = 70

% vs 2017 =  +2.7% decrease

Average Days on Market = 57

Number of Sales Last Month = 16

*Absorption Rate = 28 weeks

Type of Market = Buyers

*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

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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.  

Andrew

902-488-0012

andrew@andrewperkins.ca