Overview
We are still very much in a seller’s market concerning the Downtown Halifax Condo Real Estate Market.
There is only 76 active listings in all of the downtown core, and less than 2 months of inventory! Prices are on the rise in three quarters of the downtown area, and the trend for the entire year shows all four quarters having increases in price. This is a great time to get your Halifax condo on the real estate market as the average days on the market in all areas of the Downtown core are very low. Number of sales has declined from last year, not due to interest, but due to low inventory. When there are less condos to buy, there will ultimately be fewer sales: inventory is very limited.
Do not be scared if you are considering buying! Buying in a sellers market is still very possible: it is simply competitive and fast paced. Having an experienced REALTORⓇ on your side will make navigating the market much easier. Sellers, if you want to sell your Downtown Halifax Condo the easiest way possible, now is the time.
If you have any questions, require more information, please do not hesitate to contact me.
Regards,
Andrew Perkins
andrew@downtownhalifaxcondos.com