There are more properties for sale in Halifax today, than at this time last year. So if you tried to purchase last year and were outbid or out-priced, now may be your opportunity.The number of homes for sale across Canada has been growing over the past four months as mortgage rate hikes slow the frenzy the real estate market saw during the pandemic.
Ultimately, the market is seeing more homes available for sale is the number of sales happening each month has decreased. This slowdown has been caused by rising mortgage rates and rising home prices, leading many to postpone or put off buying.
BOTTOM LINE
The number of homes for sale across the country is growing, and that means more options for those thinking about buying a home. This is the opportunity many have been waiting for who were outbid or out-priced last year.
If you’d like more information on where the market is trending, contact me today!