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!