Hi everyone Brenda K here with the sweet Miss Frankie right beside me
so I'm going to talk about the March stats and oh my God is it getting crazy out there
so let's get right into this and see what's happening in the Halifax real estate with Brenda K
a little slow on the techie I think here today well okay let's dive right in active
listings can you believe it look at that like 429 last year was 1368 they're down like 70%
that's nuts look over at 2018 you'll get a better look when we go into our graphs
on that you know this is this what we're going through right now in Halifax this is historic
um the number of sales 755. you know it's a little over 200 up from last year look at again back 2018
you know we were out of the buyers market we were in a balanced market then so of course we all know
we're in a seller's market now so the unit sold year to date 1637 and again you can see that's 400
behind last year and it's like over 600 uh past the 2018 number days on market 29 days so you
know back in 2018 2019 like even just to get them for to 85 we're like because they had been like
larry they've been 101 days at one point when we were going through the buyer's market in Halifax
month supply so .7 so what this means is that if nobody listed another house at all in and this
covers all these these stats are for all shape sizes of houses everything you know condos so
if nobody listed a thing we would only have enough inventory for sale in Halifax to last
you know see three weeks look in 2018 we had five months almost six months worth of inventory
makes quite a difference the average price 478 yes that has really really gone up that is huge
that's over 120 000 over what um what it was last year and i mean you you can see like i said
go back a couple years you can see the numbers there so uh sold to list price this one here
110 0.4 so how can they make sense we all know that houses are going over asking right now
you know last last week um in a seven day period there were 100 147 homes sold and the average over
was 44 000 i mean that's a big and then we're all watching the ones that you know a hundred thousand
or two hundred thousand it's just it's really hard to to comprehend when we've never seen this before
and the appreciation value again if you look uh there bring me back up there 34
34 isn't that crazy that it peaked again in 2019 let's take a look at the um the slides
the graphs i love my graphs here and this gives us so here here we are right there you know there's
only 429 and look at here i mean it's it's crazy on the sales on the active listings so and again
the sale is the same thing except you know we're up here right now and you can see that in 2020
we had we had uh a very good year too which is amazing because of what went on in 2020 we
will never ever forget 2020 will we people days on market again look your way up here and then you're
way down here uh today so it's average price again i mean you can i mean look it's not even
close so when you see them in this format see how close they were right around there you know
for that year and then like i said in 2020 when we absolutely did not expect anything to go on when
we locked down of course it did so what's fueling it? low inventory low interest rates you know uh
click the link below to my website if you want any more information there on what's happening
in your Neighborhood Brenda K sweet Miss Frankie check out Halifax real estate with brenda k
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