Well, at least we're not at the bottom of the pile last month, that award goes to 2013. The next two months will be critical in the yearly performance as the peak sales month of the year quickly approaches. Let's see if the momentum carries.
Average sale prices took a southern dive last month, and settling in 5th place, which as annual trend shows, is an abnormal month indeed. As you can see by the graph, if there is to be odd statistical areas of the year, the first quarter is it.
If you tune into the blog on a weekly basis, then the inflated inventory level should be no surprise, and last month is no exception. As the piles of renewed and new listings hit the market, our inventory continues to climb to all new heights, and with demand not accommodating supply, we continue to bask in the buyers market here in Halifax. Good news for buyers who are out there, not so good for the 4500 properties currently on the market. Thanks for stopping by!
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 and Google+ :) Please note that these opinions and comments are solely mine and mine alone.
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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