Halifax Real Estate Market Report May 2021

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Real Estate

 

Overview

 

Let’s Have a Look at Last Month’s Halifax Market!

We are at an all-time low for inventory in Halifax! With under 400 active listings, and collectively 1.5 months of inventory, this market is hot! In comparison to last year, single-family home sales have increased 62%, and condo sales have increased 66%. We thought last year was crazy, wait until this summer!

Both Single Family Homes and Condos sold in less than a month! With this competitive and quick market, Prices have gone up immensely as well! We have not seen increases in prices like this in such a short amount of time ever before in Halifax!

Sellers, we expect a profitable summer ahead! Now is the time to get your properties on the market. Buyers, the market does not seem to be letting up anytime soon, so work with us to navigate it! Having our professional expertise on your side will help you succeed!

 

Andrew Perkins

902-488-0012

andrew@andrewperkins.ca