Coming in at 376 sales this month, the January Stat point on the graph is hiding behind Jan 2008 as it was only a one sale difference. Not a bad sales entry to kick the year off and it looks as though 2012 has started with a bang!
Hitting all time record lows last month, the residential inventory continues its record breaking streak with the lowest entry in close to a decade. Coming in at just over the 3,500 mark, this stat in particular has many people wondering about the spring market.
From low to high...Average sold price this month climbs above every other year coming in at just over the $267k mark. Another interesting stat to keep an eye on as the inventory moves left or right of prediction.
Sales are strong, inventory is at an all time low and sale prices at an all time high. A stronger than ever Halifax real estate market to kick off the new year!
Tune in next week if Multi-Residential market stats are of any interest as I will publish an updated report. Follow me on Twitter for the latest news and all things Halifax/Dartmouth real estate. Feel free to leave a public comment/question below or contact me for any personal inquiries.
Newest Blog post HERE
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