As November wraps up, Halifax's real estate market exhibits some key trends to note. The average sold price climbed to $578K, reflecting a 9.5% year-over-year increase, signalling solid price growth. Inventory has dipped, with 920 homes for sale, a slight 3% decrease from last year. Months of supply continue to hover around that 2.0-2.5 mark, ending November at 2.2. New listings stayed consistent with 415 hitting the market, matching last year’s figure. Homes are selling a bit faster too, with an average of 30 days on market compared to 33 in 2023. Dive into the video above for more insights on what’s driving these trends and how they could shape the months ahead!
Author: Brynn Carmody
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty