If anything has remained steady this year (as with previous years) sale prices yet again remain higher then ever. They have persevered throughout the annual report despite bloated inventory and poor sales
Although the chart shows that we reduced in numbers, July hit the top of the charts with all time high record breaking inventory. Last year enjoyed low inventory to mask the sub-par sales performance but this year does not afford that luxury.
With just under an additional 1000 listings from last year, this stat is the major contributor to the ever expanding inventory levels. Market activity has picked up in recent weeks and inquiries are also up. We didn't come in last place overall this month, so hopefully the momentum carries.
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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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
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