Halifax Real Estate Market Report - 2018

Market Trends

Halifax Real Estate Market Report - 2018

CONDOS

Number of Active Listings = 232

Number of Conditional Sales = 20

Number of Sales = 670

% vs 2017 =  +23% increase

Average Sale Price = $265,921

% vs 2017 =  +4% decrease

Average Days on Market = 84

Number of Sales Last Month = 47

*Absorption Rate = 21.5 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 = 1445

Number of conditional sales = 91

Number of Sales = 4186

% vs 2017 =  +6% increase

Average Price = $319,741

% vs 2017 =  +2% increase

Average Days on Market = 69

Number of Sales Last Month = 236

*Absorption Rate = 26.5 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 = 68

Number of conditional sales = 2

Number of Sales = 161

% vs 2017 =  +22% increase

Average Price = $417,766

% vs 2017 =  -6.6% decrease

 

Average Days on Market = 61

Number of Sales Last Month = 8

*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

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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