The Halifax Real Estate Blog Monthly Statistic Report and Market Summary For September 2013 by Jeremiah Wallace
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
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!
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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..
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