Hey everyone.  

This is my first attempt at a blog post, so bear with me! I am a realtor, not an English major.  

I want to pop on here and talk about the last few months of the market. I don’t know if you are paying attention to this aggressive market but if you are here reading this, then I will go ahead and assume you are mildly interested. 

2022 has kicked off with a bang. We are in an aggressive sellers' market with exceptionally low inventory. From December 2021 to January 2022, we have seen a drop of listings from 219 in December, to only 180 in January. In February, we saw around the same number of listings as January. 

Not only are we seeing low inventory, but we are also experiencing extremely aggressive bidding. As of today, homes are selling on an average of 122 percent above their list price. This is insane to think about! It is incredibly frustrating to be a buyer in this atmosphere. I have a colleague who was in a multiple offer situation against 47 other bids. I do not want to fearmonger, but this is the reality of the current situation.

If you are looking to sell your home, you are very much in the driver’s seat. We are begging for you! Whether it be that you are downsizing, moving out of province, or even wanting to relocate to another area of Nova Scotia. Your home will hopefully sell very quickly and for a great price. 

Now that it is March, and Spring is right around the corner, we will start to see more listings hit the market. Unless we magically see a flurry of new construction hit the market, buyers are in for a stressful Spring. I don’t see this crisis balancing out anytime in the near future.  

I will now end this blog post with a cliché. If you know of anyone that would like to buy or sell, I would love to be their amazing and charismatic realtor of choice (insert winky face here).