Halifax real estate inventory 2012
Inventory tapered off again this month following annual trend, however not as drastically as previous years. This is the first month of the year so far that has surpassed three other years inventory totals. Last year this month the inventory took a severe nose dive resulting in a record breaking statistic.
Halifax real estate sales 2012
Last month we saw a unusual blip on the overall sales for the month. Turns out it was just that...a blip. Sales this month return to their below average turn out, leaving people wondering when this stat will improve. My prediction is that its not too far away.
Halifax real estate average sale (median) price
The consistent stat for the year continues its run beating out all other years for average sale value again this month. This stat has held its strength all year which is a positive market factor continuing the "slow but steady" trait of our real estate market here in Halifax.
As the year comes to a close, the market shows no signs of either drastic improvement nor drastic decline. We remain on our averages with a little deviation here or there, but nothing completely shocking. As the news keeps rolling in with regards to the Ship building contract and other large scale developments, the impact is bound to take its toll on our economy in a big way soon enough. The new year should bring many surprises and interesting opportunities, so stay tuned as I follow along with the soon to be "investors spotlight" that is the Halifax real estate market. Thanks for stopping by and be sure to come back tomorrow for the Halifax real estate blog weekly wrap up!
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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..
Photo's by Jeremiah