 Halifax Sales February 2013 Not quite on par with last year at this time but we are making a slow recovery from last years dismal end. Not out of the woods yet and the next few months will be instrumental in whether or not we will make a full recovery.  Halifax average sold price February 2013 Huge downward spike in the average sale prices this month! Looks like some of the listings waiting out the market flux had to make some market corrections to get their properties sold. I'm interested to see how far this market correction will go.  Halifax Inventory February 2013 No longer at record breaking lows, inventory has made a solid recovery in its february debut. Following annual trend we will see the next few months inflate to the peak of the year (usually May). Even with a good amount of inventory currently on the market, there is still a few regions and sectors of the market that are in high demand. While the waiting continues with regards to the final confirmation and details of the shipbuilding contract, many home buyers and sellers patiently read articles, research on the web and talk about the lack of progress or news associated with it. Last years poor sales performance was a reminder to a lot of folks that these things take time and 10,000 workers just don't show up overnight. Now that the contract has been "baked into the market" so to speak, sellers are getting more realistic with asking prices which is directly reflected by the statistics above. Which is helping aide the road to recovery from out 27% drop in sales last quarter. We still have a long way to go...Whats your thought?
Make sure to come back on Thursday for the weekly market stats update and news report. Thanks for stopping by! Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :) Newest blog post HERE Halifax Real Estate
Stu
3/6/2013 05:47:07 am
Hi Jeremiah,
Thank you for the comments Stu! Always great to hear that I am providing useful information to people. Comments are closed.
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Jeremiah Wallace, CDJeremiah 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.. 
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