Back by Popular Demand! The Halifax Real Estate Blog Presents The Monthly Wrap Up For April 2015 By Jeremiah Wallace of ViewPoint Realty
Hi folks, and thanks for stopping by! Much like previous years, the overall sales index has a slow but steady, peak and valley showing. Overall value was quite strong in April, and leading up to that point, it had steady growth unlike previous years that had reported quite sporadically at times. Not the highest overall reports this year, and so far, we have managed to just edge under the top spot for all four months, including April.
Shouldn't really be a surprise at this point, but many may have been expecting to see these numbers a bit lower. No record smashers yet, but we have edged close a few times this year to the top spot. April's inventory total of 5,018 was the third highest report, beaten by 2013 (5,060) and 2009 (5,259). Still, this may be a delayed report due to our harsh winter, so the next few months will tell us if that holds true.
Now if the other two charts did not surprise you, than this one certainly will. Although all speculation has been pointing to a positive "return" to a steady market, those predictions may be a bit on the premature side. April witnessed an all time low for sales overall, despite the buzz and buyer activity. Again, our weather may have been a factor in this report, as delayed listings and shut in buyers could not contribute their usual activity. As we edge towards warmer months and the city heats up (hopefully), many eagerly stand by to see if our market will trend in the same direction. Stay tuned to find out!
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah