Halifax Real Estate Market 1st Qtr update 2019

Market Trends

Halifax Real Estate Market Report 1st Quarter - 2019

CONDOS

Number of Active Listings = 239

Number of Conditional Sales = 29

Number of Sales = 109

% vs 2018 =  +8% increase

Average Sale Price = $264,514

% vs 2018 =  +1% increase

Average Days on Market = 85

Number of Sales Last Month = 36

*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 

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

 

SINGLE FAMILY

Number of Active Listings = 1572

Number of conditional sales = 272

Number of Sales = 577

% vs 2018 =  -4% decrease

Average Price = $327,448

% vs 2018 =  +9.4% increase

Average Days on Market = 73

Number of Sales Last Month = 236

*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

 

MULTI-UNIT( 2 Units - 12 units)

Number of Active Listings = 63

Number of conditional sales = 18

Number of Sales = 35

% vs 2018 =  +24% increase

Average Price = $461,787

% vs 2018 =  +8% increase

Average Days on Market = 75

Number of Sales Last Month = 20

*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

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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