Is the Halifax Real Estate Market Sustainable?

Today's topic is about our current market conditions and our thoughts about the 2022 real estate market. Currently it is projected that we will be down by 16% in 2022. Has this trend started?

Personally, I have noticed that since July, showings are down as well as offers that I am receiving are not as aggressive as they were during the spring market. While YTD we have 1000 more units sold than this time last year, however the last 2 months, sales are down by 100 units. What are your thoughts of 2022? Will you sell or buy?

 

 

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Chairmans

Chairmans

Ranked in the Top 1% of Royal LePage agents across Canada every year since 2017.

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Sandra Pike best of halifax

Sandra Pike best of halifax

Recognized in The Coast’s 2023 Best of Halifax Readers’ Choice Awards

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Seven-time Top Choice Award recipient, recognized for excellence in Halifax real estate.

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Sandra Pike Senior Specialist

Seniors Real Estate Specialist since 2021, with specialized training to help clients aged 50+ navigate downsizing, lifestyle changes, and real estate transitions.

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Sandra Pike luxury specialist

Certified Luxury Home Marketing Specialist™ since 2021, with specialized training and proven experience in marketing upper-tier homes.

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Listing Specialist

Accredited Listing Specialist since 2024, with specialized training in pricing, positioning, and marketing homes for sale.

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