Let’s review the Halifax Real Estate Market for the first month in 2022!
Our market continues to remain in the seller’s favor. We have very limited inventory, causing many properties to sell above the asking price. We cannot see this ending anytime soon.
Sales are down on average 15% in comparison to this time last year. This is solely due to the lack of inventory. It is evident that there are many eager buyers out there ready to purchase, as prices have risen dramatically. These price increases, paired with decreases in time spent on market, confirms that the Halifax Market is competitive.
We have had less than one month of inventory, consistently for over a year now. It’s not easy out there for buyers. If you are looking to buy, consider that you will have to offer over asking, and likely multiple times before securing your future home. We have had many buyers succeed in the market with our guidance, and would love to help you navigate these challenging times too. You can check out our Why Buy With Us page, to see what we bring to the table.
Sellers, this market may make selling seem simple, however, without an experienced team, you could miss out on multiple offers, and your property's maximum return. Check out our Why Sell with Us Page to learn about what we offer to our sellers to make their experience the best it can be!
Licensed Real Estate Assistant - Andrew Perkins Real Estate Team