Halifax Real Estate Market Report - 3rd qtr, 2017

Real Estate

Halifax Real Estate Market Report - 3rd Quarter, 2017.  Areas 1 through 40 which encompass all of HRM.

CONDOS

Number of Active Listings = 380

Average Sale Price = $272,182

% vs 2016 =  +3.8% increase

Number of Sales = 187

% vs 2016 =  +14.7% increase

Average Days on Market = 97

Number of Sales Last Month = 45

*Absorption Rate = 36 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 

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

 

SINGLE FAMILY

Number of Active Listings = 2189

Average Price = $316,961

% vs 2016 =  +0.5% increase

Number of Sales = 1445

% vs 2016 =  +19.1% increase

Average Days on Market = 67

Number of Sales Last Month = 349

*Absorption Rate = 27 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

 

MULTI-UNIT( 2 Units - 12 units)

Number of Active Listings = 92

Average Price = $416,240

% vs 2016 =  -19% decrease

Number of Sales = 30

% vs 2016 =  -3.5% decrease

Average Days on Market = 99

Number of Sales Last Month = 9

*Absorption Rate = 44 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

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

andrew@andrewperkins.ca