Halifax Real Estate Market 3rd Quarter Update 2019

Market Trends

Halifax Real Estate Market Report, 3rd Quarter - 2019

CONDOS

Number of Active Listings = 190

Number of Conditional Sales = 17

Number of Sales = 268

% vs 2018 =  +14% increase

Average Sale Price = $268,179

% vs 2018 =  +2.5% increase

Average Days on Market = 54

Number of Sales Last Month = 58

*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 

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

 

SINGLE FAMILY

Number of Active Listings = 1237

Number of conditional sales = 191

Number of Sales = 1728

% vs 2018 =  +14% increase

Average Price = $343,496

% vs 2018 =  +4.6% increase

Average Days on Market = 50

Number of Sales Last Month = 417

*Absorption Rate = 13 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 = 50

Number of conditional sales = 11

Number of Sales = 43

% vs 2018 =  +2.3% increase

Average Price = $442,203

% vs 2018 =  +3.8% increase

Average Days on Market = 54

Number of Sales Last Month = 20

*Absorption Rate = 11 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