Some interesting developments in the Halifax real estate market this month. Hot on the heels of the ship building announcement, the market has started to show a preview of possible things to come. As you can see by the chart, listing inventory is the lowest its been for November in the last six years and possibly further.
Sales this month are nothing short of shocking. Not only have they eclipsed all sales for November, they almost matched the second hottest sales month this year. As you can see, the spike in sales this month goes against the grain of the typical Halifax market trend.
Average Sold price remains strong this month, keeping this years "above previous years in value" trend. Average sold price settled in just over the 250k mark.
Exciting stuff for a month that is typically lack luster and usually the sleepier time of the market trend. Stay tuned to the Blog to keep on top of the Halifax Real Estate market. Check back thursdays for the weekly market update and follow me on Twitter to stay on top of current Halifax Real Estate market news and information. As requested, the Multi Residential stats will be a permanent addition to the Blog and will be released shortly so check back frequently.
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah