Overview
We have noticed in our day-to-day business that the market is starting to shift, and the numbers support this. The number of active listings has almost doubled since our last market report! This past month has had the most months of inventory in both the single-family home and condo markets since before the pandemic began. This is excellent news for Halifax buyers.
Properties are still selling faster than ever, but this may change in the coming months. Prices have continued to increase by approximately 30% since last year. We think it will still take some time to see prices level out.
Sellers, we may have seen the peak of the market for now. That being said, inventory still has not reached pre-covid times. In previous years, we would expect around 2000 active listings this time of year.
Buyers, while the market is still very competitive, inventory is increasing. It’s a great time to get serious about purchasing, get your pre-approval in place and start viewing properties.
Jordan Gunn
Licensed Real Estate Assistant
The Andrew Perkins Real Estate Team
Keller Williams Select Realty
902-401-0373