Overview
Let’s Review the Halifax Condo Real Estate Market for February 2022!
There are currently 44 active listings in all four areas of Halifax combined: the Peninsula holds more than half of these listings.
Sales have decreased in comparison to this time last year in all areas except Dartmouth! We saw a combined total of 38 sales in February.
Across all areas, prices have risen by at least 25% in comparison to this time last year. This is no surprise with the competitiveness present amongst buyers. To put it in perspective, a property that we helped a client submit an offer on yesterday received 28 offers!
The time condos are spending on the market has decreased substantially when compared to last February, and we thought condos were selling fast last year!
If you have any questions regarding the condo market, reach out to us, we are happy to help!
Jordan Gunn
Licensed Real Estate Assistant
902-401-0373