The Halifax Real Estate Blog Monthly Statistical Graph Wrap Up For September 2014 by Jeremiah Wallace
Looks like we had a little positivity for the end of year rally with regards to sales. Although sales in Halifax trended near, or at the bottom of the pile for the majority of the year, September made a surprise comeback in what hopes to be the new trend.
Not surprising, the inventory levels continued to eclipse all other years in September, with only a small reduction in overall loss over the past few months. Hopefully, the healthy sales rate will continue to take a bit out of this ever growing stat.
To coincide with a solid sales month, the overall sale price was down across HRM quite significantly.
I wonder if the average home across the board listed less, would the sales continue to climb, or are both stats just a coincidence? Not a bad showing for September at all and I can only hope that we can keep the momentum going into the winter months. With the warm weather still around, it's not so far fetched to think that buyers are still out there waiting to invest in our market, just need the right push to sway them to do so.
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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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