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In addition to greater prices in 2015, we likewise saw small movement back in the right instructions with the variety of sales. With approximately 60 more sales in HRM (MLS areas 1-40) than we saw in 2014, it marks the first time in 3 years that we've seen an increase in this location.
One key is inventory - where we in fact began to see numbers shrink on a weekly basis for about 6 weeks. Stock has actually been a considerable challenge for our market since the last couple of years - with the active listing ballooning from an average of about 4000 at any provided time as much as practically 6000 at the peak this previous year.
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A decline in stock will bring our market back to a more well balanced position - and will make settlements between buyers & sellers more fair going into 2016. Details & analysis credited to Royal Le, Page Atlantic.
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