I’ve been thinking pretty heavily about why this Summer has been so busy in the Halifax Real Estate industry. Traditionally, the Spring market has always been the busiest. But coupled with extremely bad weather, with over 30 days of straight rain, the traffic floundered and the sales dropped significantly. Those who didn’t buy or sell in the Spring, therefore, trickled at an usual volume into a normally quiet Summer market. But what about the Fall?
Spring market spill-over
The Fall market is traditionally the second busiest time for Real Estate Transactions. Summer vacations are over, people are settling in and pondering moves, whether downsizing or upgrading. But what about all the people who didn’t buy or sell during the Spring? What if the majority of these people decided to go on vacation rather than get involved in the purchase of property? I predict that these people will trickle into the Fall market just as others trickled into the Summer market.
A record fall market?
With the Fall being a traditionally busy time period anyway, I confidently predict that the Fall market, with its influx of Buyers and Sellers who had no luck or interest in the Spring, will lead to an absolute explosion in Real Estate transactions and other retail related businesses as a result.
Hang on! It’s going to be a bumpy ride!