Halifax Real Estate Market Report, 3rd Qtr, 2018

Market Trends

Halifax Real Estate Market Report - 3rd Qtr, 2018

CONDOS

Number of Active Listings = 300

Number of Conditional Sales = 15

Average Sale Price = $261,497

% vs 2017 =  -4% decrease

Number of Sales = 235

% vs 2017 =  +25% increase

Average Days on Market = 79

Number of Sales Last Month = 55

*Absorption Rate = 23 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 = 1852

Number of conditional sales = 153

Average Price = $328,506

% vs 2017 =  +3.8% increase

Number of Sales = 1513

% vs 2017 =  +4.7% increase

Average Days on Market = 61

Number of Sales Last Month = 540

*Absorption Rate = 23 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 = 85

Number of conditional sales = 11

Average Price = $410,668

% vs 2017 =  -8% decrease

Number of Sales = 53

% vs 2017 =  +65% increase

Average Days on Market = 59

Number of Sales Last Month = 18

*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

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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