Check out last month’s Halifax Real Estate Market Stats!
We are still seeing an extremely competitive market that is in the seller’s favour here in Halifax. There is just a little over 2 months of inventory between condos and homes in the Halifax area. This means that if no new houses or condos became listed, our inventory would equal zero by April.
Even with this extremely low inventory, sales are on the rise in comparison to last year. There are a lot of eager buyers in the area that are purchasing whatever hits the market! We are sure that the successful buyers almost always have an experienced REALTOR® in their corner in this kind of market.
Concerning condos, there was a slight increase in days on market in comparison to last year. We expect that this is due to the folks coming off of the holiday season. The sold price on condos decreased slightly as well, but do not fret! The past 12 months have seen a sharp increase in sold prices, so overall we are still on the rise!
Do you enjoy learning more about the Halifax Real Estate market? Give us a call anytime to discuss further!