Halifax Real Estate Market Report - April 2022

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Market Trends

 

Overview

 

It’s time to review the Halifax Real Estate Market Report for April 2022!

Inventory has started to climb this past month. At the beginning of March, there were 281 active listings in all of the Halifax area. This month, we have 354. This is still nowhere near where we were a couple of years ago, with the average being around 2000 active listings, but it is promising.

Sales have decreased in both single-family homes and condos in comparison to this time last year. This is simply due to there being slightly more homes for sale in April of last year, and many more condos. 

Prices continue to rise across the board by between 25 and 40%. This is very consistent with what we have been experiencing since the beginning of the pandemic. This will likely not slow until inventory and interest rates climb further.

Condos and homes are still selling faster than ever. It is so important to have your pre-approval and finances in order before searching for a property. At this speed, it is crucial for success.

If you have any questions about selling, buying, or investing in Halifax real estate, you know who to call! 902-488-0012

 

Jordan Gunn
Licensed Real Estate Assistant
The Andrew Perkins Real Estate Team | Keller Williams Select Realty
902-401-0373