No surprise here. Inventory maintains record breaking heights this month with a 400+ unit gain on the runner up. September is usually the last kick at the can for many sellers as the cold season approaches, and chances of selling slim. Moving in what I thought was a positive direction last month, sale prices in Halifax spiked to all new heights, shattering the "price correction" theory. This record has smashed the previous leader by 15K+ And yet, here we are. Falling to record lows, September did not follow what seemed to be a recovery trend, or at least, an attempt to get back in the fight. Struggling with a dismal year has been the story for sales here in Halifax, and one can only wonder if, and when things will turn around. There has been constant, and several price corrections in the past few months, as well as expiry's and cancellations of listings. Last week alone there was over 400 properties that expired! There was an end of month activity push in September that has now spilled over into October, let's see if that momentum carries or we fall deeper into the doldrums of a stale market. Thanks for stopping by! Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? It's 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 and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Newest blog post HERE 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.. ListingsPhoto's by Jeremiah
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