Time to review the Halifax Condo Market!
The limited inventory in Halifax has kept the market in the seller’s favor for some time now. We've seen an increase in the number of sales in all areas except Bedford this past month. Even with only 74 active condo listings, sales have increased significantly as well. Prices also continued to rise on average 12% across the board this past month when we compare to this time last year. The number of days on market has continued to decrease significantly, which is expected with the limited inventory we are experiencing (only 5 active listings in both Clayton Park and Bedford!).
In all 4 regions, we have less than a month of inventory currently. As we have said before, this means that if no new listing hit the market, we would be completely sold out of condos in Halifax by the end of this month!
As you can see, the average price across the board is around 328K. Sellers, if you have a condo within the 300K-350K range that you are looking to sell, you have what the buyers want!
Andrew Perkins
902-488-0012
andrew@andrewperkins.co