Halifax Real Estate Market Year End Report, 2019

Real Estate

Halifax Real Estate Market Year End Report, 2019

CONDOS

Number of Active Listings = 134

Number of Conditional Sales = 17

Number of Sales = 759

% vs 2018 =  +13% increase

Average Sale Price = $274,098

% vs 2018 =  +3% increase

Average Days on Market = 65

Number of Sales Last Month = 43

*Absorption Rate = 13 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 = 940

Number of conditional sales = 127

Number of Sales = 4640

% vs 2018 =  +11% increase

Average Price = $340,242

% vs 2018 =  +6.5% increase

Average Days on Market = 58

Number of Sales Last Month = 321

*Absorption Rate = 13 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 = 37

Number of conditional sales = 8

Number of Sales = 160

% vs 2018 =  +20% increase

Average Price = $457,682

% vs 2018 =  +5% increase

Average Days on Market = 57

Number of Sales Last Month = 12

*Absorption Rate = 13 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