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Is the Market Slowing? Kip's July Market Update

  Thursday, Jul 07, 2022

 

 

 

 

Your local REALTOR® Kip is back with the updated July market stats for Halifax/Dartmouth!

Active Listings
(Number of Properties for sale in Halifax/Dartmouth)

July 2021: 949 Listings
July 2022: 633 Listings
33% Decrease

Average Days on Market
(How many days a home is on market in Halifax/Dartmouth)

July 2021: 32
July 2022: 15

List to Sales Ratio
(Final Sale Price compared to List Price)

July 2021: 105.4%
July 2022: 111.3%

Number of Sales in July so far
(Number of houses in Halifax/Dartmouth sold in June)

July 2021: 64
July 2022: 59

Sales Year to Date
(How many homes have sold in Halifax/Dartmouth so far this year)

July 2021: 3,980
July 2022: 3,040

Months of Inventory
(Number of months it would take to sell every available listing, if no new homes listed after today)

July 2021: 1.41 months
July 2022: 1.26 months

Average Sale Price
(The average price that homes are selling for in Halifax/Dartmouth)

July 2021: $426,869
July 2022: $523,713


Average Sale Price Increase
(How much the average sale price in Halifax/Dartmouth has increased in a year)

2021 to 2022: 18.5% increase


The market is ever-changing, check back in next time for Kip’s next Halifax/Dartmouth Real Estate Market Update!

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