Halifax condo market update – November 2012. The data below is based on MLS® statistics for area 1-40 which encompass all of HRM
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
Average Price – Average price for a condo in Halifax increased by 3.3% compared to November of 2011.
Number of Sales – The number of condo sales in HRM were down by 50% compared to November 2011. This big decrease can be attributed to the announcement of the ship building contract for Halifax. There was a lot of speculation of how the market would respond to this announcement. We saw a huge increase in condo sales during this time.
Be sure to check back monthly for Halifax condo market updates.