Halifax Real Estate Market Report 2017

Market Trends

Halifax Real Estate Market Report for 2017.

CONDOS

Number of Active Listings = 345

Average Sale Price = $256,066

% vs 2016 =  +0.1% increase

Number of Sales = 543

% vs 2016 =  +8% increase

Average Days on Market = 101

Number of Sales Last Month = 32

*Absorption Rate = 66 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 = 1834

Average Price = $307,663

% vs 2016 =  +1.4% increase

Number of Sales = 4235

% vs 2016 =  +9.6% increase

Average Days on Market = 82

Number of Sales Last Month = 204

*Absorption Rate = 39 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 = 78

Average Price = $427.917

% vs 2016 =  -5.3% decrease

Number of Sales = 139

% vs 2016 =  +23% decrease

Average Days on Market = 88

Number of Sales Last Month = 9

*Absorption Rate = 37 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