Halifax Real Estate Market 1st Half Update 2019

Real Estate

Halifax Real Estate Market Report 1st Half - 2019

CONDOS

Number of Active Listings = 216

Number of Conditional Sales = 31

Number of Sales = 341

% vs 2018 =  +25% increase

Average Sale Price = $280,773

% vs 2018 =  +8% increase

Average Days on Market = 75

Number of Sales Last Month = 78

*Absorption Rate = 12 weeks

Type of Market = Strong 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 = 1665

Number of conditional sales = 276

Number of Sales = 1782

% vs 2018 =  +.50% decrease

Average Price = $334,895

% vs 2018 =  +7% increase

Average Days on Market = 65

Number of Sales Last Month = 514

*Absorption Rate = 14 weeks

Type of market = Strong 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 = 74

Number of conditional sales = 24

Number of Sales = 66

% vs 2018 =  +12% increase

Average Price = $474,234

% vs 2018 =  +11% increase

Average Days on Market = 64

Number of Sales Last Month = 14

*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

______________________________________________________________________________________________________

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