As we wrap up Summer 2024, Halifax’s real estate market continues to show steady growth. The average sold price for single-family homes and condos saw a slight year-over-year increase, up 0.3% to $583K. Sales activity has picked up significantly, with a 12% rise in the number of transactions compared to August 2023, totaling 447 sales. We’re also seeing more homes coming onto the market, with new listings up 13%, and overall inventory increasing by 21%, giving buyers a bit more choice. However, homes are still selling relatively quickly, with the average days on market holding steady at just 28 days. With 2.5 months of supply, the market remains competitive. For more detailed insights, check out the full market update video!
Author: Brynn Carmody
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty