Halifax Real Estate Market Report-First Half 2020

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Market Trends

 

Overview

The Halifax real estate market has been on fire in 2020.   Pandemic and all. We are seeing bidding wars across most areas Halifax.  One of the main drivers of the market is the lack of inventory.  New listings are down significantly from 2019, creating a pent up demand.  The average price has increased for single-family homes, condos, and multi-unit properties. The monthly inventory is extremely low for both single-family homes and condos. Multi-Unit properties are experiencing a balanced market.   

It is more important than ever that you retain the services of an experienced REALTOR® to help guide you through this competitive market.  If you have any questions, require more information, please do not hesitate to contact me. 

Regards, 

Andrew Perkins

andrew@andrewperkins.ca

902-488-0012