Here are the Residential statistics for the Halifax/Dartmouth area for October
Residential property inventory remains fairly high this month and comes in third position for having the least amount of October units in the past five years.
With a strong final sales week in October, it was enough to rebound from the bottom and take 3rd place of least amount of sold october inventory in the last 5 years.
Average selling prices remain strong this month and still topples the last five years by a decent margin. The Halifax average median home price sits at the 243k mark this month. The race remains close between this year and last however, this will be the stat to keep an eye on as the new year competes.
Nothing really out of the ordinary to report as of yet, but I'm confident that the future will hold many surprises for the residents of Halifax with the Ship Building contract secured. As I reported earlier, the market seems very calm on the surface but underneath is a flurry of activity. Yesterday I posted part one of a two part blog about the Halifax multi-residential market. Part two, vacant land, will be featured next Monday. Scroll down to view part 1. Make sure you come back Thursday for the weekly Real Estate Update and follow me on Twitter for instant market information and news.
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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