Halifax’s Condo Real Estate Specialists

Halifax Condo Market Update 2nd Quarter 2013

Halifax Condo Market Update 2nd Quarter 2013

Average Sale Price- 2nd Quarter, 2013 Halifax Condo Market

Figure 1 – All data based on MLS® statistics for areas 1 – 40 which encompass all of HRM.

Number of Sales - 2nd Qtr 2013 - Halifax Condo Market

Figure 2 – All data based on MLS® statistics for areas 1 – 40 which encompass all of HRM.

Overview

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.

If you would like more information on the Halifax Condo market you can always contact usinfo@condo-company.ca

-Andrew