Well, here we are on the 5th day of April. This is traditionally the time we start to see the market climb with listings and sales. Everyone loves a new beginning in Spring. We buy new (to us) cars, new (to us) homes, new (to us) cottages....a lot of things. However, this colder Spring certainly has had an effect on the industry.
Here are some statistics from the last few years:
April 2010 saw a list-to-sale ratio of 58%, with 959 properties listed and 557 sold.
April 2011 was 49% with 949 listed and 467 sold.
April 2012 gave us a ratio of 54% with 1032 listed and 553 sold.
So far, April 2013 has had 211 listings and 46 sold. That gives us a ratio of 22%
So what does this mean if you are thinking of buying or selling? These stats are for HRM in general. Each area of the HRM has different and unique patterns also. Where you are looking to buy may have a totally different pattern than where you are currently trying to sell.
That is where the experience and training of a REALTOR® can help. And best of all, consultations don’t cost you, the home seller or buyer, anything. The only time a REALTOR® gets paid is when the deal is done. There aren’t too many industries where you can resource the knowledge of a professional for all the information you need and not pay them until the deal is complete.
Statistics courtesy of NSAR