Halifax Condo Market Update 2nd Quarter 2013
Figure 1 – All data based on MLS® statistics for areas 1 – 40 which encompass all of HRM.
Figure 2 – All data based on MLS® statistics for areas 1 – 40 which encompass all of HRM.
The Halifax condo market is still experiencing a slowdown in both average price and the number of sales. Average price for the 2nd quarter decreased by 1.1% and the number of sales dropped 25% compared to the second quarter of 2012. This trend is no different with single family homes and investment properties in HRM. All markets in HRM are experiencing a slowdown. The summer market is generally a slow time in the real estate market in HRM. We anticipate sales and price could increase in the fall of this year.