Halifax Real Estate Market Month in Review – April 2012. The numbers below are based on MLS® statistics for areas 1-40 which encompass all of HRM. If you would like a market report on a specific area of Halifax, Dartmouth, Bedford, Sackville, Hammonds Plains or Fall River please fill out this form
Residential*
April 2012
Average Sale Price – $292,311
Number of Sales – 573
% vs April 2011(price) – +5.4%
% vs April 2011(sales) - +14.6%
Average Days on Market – 79
Active Listings – 2576
Absorption Rate – 19.5 weeks
Type of Market – Sellers
Multi-Family**
April 2012
Average Price – $335,375
Number of Sales – 12
% vs April 2011(price) – -10.7%
% vs April 2011(sales) – 0%
Average Days on Market – 65
Active Listings – 52
Absorption Rate – 23 weeks
Type of Market – balanced
* Includes single family homes and condominiums
** Includes multi- family homes 2-12 units
Synopsis
Residential
The month of April was a very busy month in the Halifax real estate market. With 573 sales it was one of the strongest April months on record. Both average price and sales increased over April 2011.. We continue to see a sellers market. If a property is priced right it is not uncommon to see multiple offer situations.
Multi-Family
Investment properties in HRM saw average price decreased by 10.7% compared to April 2011. Number of sales did not change. We are starting to see some movement in this market segment. The inventory is still quite low for investment properties and like single family homes and condos we are also experiencing a sellers market.
If you would like more information on the Halifax Real Estate market I can be easily reached by email andrew@halifaxrealestateguy.com or by phone 902-488-0012.
Kind Regards,
Andrew Perkins
Halifax Real Estate Guy
