October 2020 Real Estate UpdatePosted by Chris Perkins on
October has come and gone. We were lucky enough to spend some COVID responsible time with family over Thanksgiving and the kids still got to go trick or treating. However, the Halloween costumes weren't the only thing causing a bit of fear in the HRM. Things continue to be difficult for Home Buyers in Halifax. The real estate market has been competitive all year and it shows no sign of getting any easier. Worryingly, the opposite is looking more likely.
The average price of a single family home in the Halifax area jumped by another 1.7% in October to $375,567. That's a 13% increase from a year ago and a continuation of the sharp upwards trend we've been watching since May. Sales are up by 12.8% year over year and our inventory has been…
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