(Previous weeks numbers in brackets)

*Previous Year's Stats​

Total Market
New/Back to Market Listings: 78 (164, 195, 163, 191) *135
Sold:  97  (119, 110, 126, 122) *92
Sale To Listing Ratio: 124% (73%, 56%, 77%, 64%) *68%
Price Changes: 43 (52, 69, 105, 105) *63
Conditional Sale: 76 (112, 115, 151, 151)  *107
Expired/Cancelled/Withdrawn: 78 (64, 163, 70, 70) *99
Total Active Halifax/Dartmouth Inventory:  1,492 (1,538, 1,563, 1,625, 1,660) *1,441
Absorption Rate: 13 (13, 13, 14, 15) *14

Single Family Home Stats
Active Single Family Home: 703 (728, 752, 761, 799) *745
Average Single Family Home List Price:  $558,384 ($630k, $596k, $574k, $623k) *$587k
Average Single Family Home Selling Price:  $558,795 ($623k, $587k, $573k, $610k) *$589k
Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99%, 98%) *101%
Median Single Family Home List Price (6 mo): $549,900 ($550k,$550k,$560k,$560k) *$519k
​Median Single Family Home Sold Price(6 mo):$555,100 ($558k,$558k,$560k,$560k)*$530k
Average Days on Market Single Family Home: 38 (46, 38, 36, 43) *32

Condo Stats
Active Condos:  137 (149, 149, 151, 153) *124
Average Condo Listing Price:  $439,025 ($486k, $464k, $499k, $470k) *$393k
Average Condo Selling Price: $429,000 ($478k, $462k, $493k, $462k) *$384k
Condo Sale to List Ratio This Week: 98% (98%, 99%, 99%, 99%)  *97%
Median Condo List Price (6 mo): $447,450 ($449k, $449k, $450k, $450k) *$430k
Median Condo Sold Price (6 mo): $450,000 ($450k, $450k, $449k, $450k) *$438k
Average Days on Market Condos: 50 (46, 35, 41, 18) *33

Active Vacant Lots: 442 (452, 455, 490, 485) *406

Market Rant
The market here in Halifax is ringing in the holiday spirit with some intriguing trends this week! As the festive season ramps up, new and back-to-market listings have taken a sleigh ride downhill, reflecting a typical seasonal slowdown. Meanwhile, sold properties are holding steady, and the impressive sale-to-listing ratio of 124% is a clear sign that buyers are wrapping up last minute deals faster than presents under the tree.

For single-family homes, the market has seen a modest cool-down in active listings, with prices settling into a more approachable range—a little gift for buyers. Homes are still selling at nearly full list price, showing that sellers have been on the nice list this year. The average days on market has held steady, giving just enough time for buyers to decide on their perfect home before the holidays.

The condo market has also unwrapped some interesting trends. Inventory is slimming down, and both listing and selling prices have taken a festive dip. Condos are taking a bit longer to find their perfect match, with days on market stretching out to 50.

Overall, the market is embracing the holiday slowdown, with buyers and sellers alike taking a moment to enjoy the festive cheer. Whether you're buying, selling, or just window shopping, it’s a season to reflect, plan, and dream about what the New Year might bring. Thanks for stopping by! 

I just wanted to wish all my clients (past, present and future), friends, family and readers of the blog a very Merry Christmas and Happy New Year! The weekly market rant is signing off for the rest of the year, and will return in 2025 with the 2024 market year summary! Be sure to stop by, you will not want to miss it! ​

VIEWPOINT REALTY

Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!

Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.


Newest Blog post HERE

(Previous weeks numbers in brackets)

*Previous Year's Stats​

Total Market
New/Back to Market Listings: 164 (195, 163, 191, 179) *135
Sold:  119  (110, 126, 122, 114) *92
Sale To Listing Ratio: 73% (56%, 77%, 64%, 64%) *68%
Price Changes: 52 (69, 105, 105, 83) *63
Conditional Sale: 112 (115, 151, 151, 135)  *107
Expired/Cancelled/Withdrawn: 64 (163, 70, 70, 57) *99
Total Active Halifax/Dartmouth Inventory:  1,538 (1,563, 1,625, 1,660, 1,691) *1,441
Absorption Rate: 13 (13, 14, 15, 15) *14

Single Family Home Stats
Active Single Family Home: 728 (752, 761, 799, 810) *745
Average Single Family Home List Price:  $629,697 ($596k, $574k, $623k, $594k) *$587k
Average Single Family Home Selling Price:  $622,677 ($587k, $573k, $610k, $586k) *$589k
Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 98%, 99%) *101%
Median Single Family Home List Price (6 mo): $550,000 ($550k,$560k,$560k,$555k) *$519k
​Median Single Family Home Sold Price(6 mo):$557,500 ($558k,$560k,$560k,$560k)*$530k
Average Days on Market Single Family Home: 46 (38, 36, 43, 40) *32

Condo Stats
Active Condos:  149 (149, 151, 153, 164) *124
Average Condo Listing Price:  $486,390 ($464k, $499k, $470k, $482k) *$393k
Average Condo Selling Price: $476,818 ($462k, $493k, $462k, $471k) *$384k
Condo Sale to List Ratio This Week: 98% (99%, 99%, 99%, 98%)  *97%
Median Condo List Price (6 mo): $449,000 ($449k, $450k, $450k, $447k) *$430k
Median Condo Sold Price (6 mo): $450,000 ($450k, $449k, $450k, $442k) *$438k
Average Days on Market Condos: 46 (35, 41, 18, 33) *33

Active Vacant Lots: 452 (455, 490, 485, 486) *406

Market Rant
The market is moving through a period of notable shifts. This week brought fewer new and returning listings, likly due to the approaching holiday, but buyers maintained a steady pace, pushing the Sale-to-Listing Ratio to a robust 73%. The market also saw fewer properties withdrawn, expired, or canceled, signaling that sellers have mostly retreated for the year. .

Single-family homes took center stage with rising prices and a consistent sale-to-list ratio of 99%. While properties are selling strong, the average days on market has stretched to 46, suggesting a slight slowdown as buyers deliberate longer before closing the deal.

The condo market remains steady, with inventory holding its ground and prices showing modest adjustments. However, condos are lingering on the market longer, with the average days on market also at 46. Buyers appear more measured, perhaps waiting for the right deal to surface.

As we move forward, buyers, sellers, and investors alike will find a mix of opportunity and strategy in this evolving market landscape. Thanks for stopping by! 

VIEWPOINT REALTY

Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!

Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.


Newest Blog post HERE

(Previous weeks numbers in brackets)

*Previous Year's Stats​

Total Market
New/Back to Market Listings: 195 (163, 191, 179, 143) *155
Sold:  110  (126, 122, 114, 92) *96
Sale To Listing Ratio: 56% (77%, 64%, 64%, 64%) *62%
Price Changes: 69 (105, 105, 83, 76) *62
Conditional Sale: 115 (151, 151, 135, 98)  *89
Expired/Cancelled/Withdrawn: 163 (70, 70, 57, 78) *46
Total Active Halifax/Dartmouth Inventory:  1,563 (1,625, 1,660, 1,691, 1,722) *1,526
Absorption Rate: 13 (14, 15, 15, 15) *14

Single Family Home Stats
Active Single Family Home: 752 (761, 799, 810, 834) *806
Average Single Family Home List Price:  $596,251 ($574k, $623k, $594k, $604k) *$603k
Average Single Family Home Selling Price:  $587,109 ($573k, $610k, $586k, $602k) *$601k
Single Family Home Sale to List Ratio This Week: 99% (99%, 98%, 99%, 99%) *99%
Median Single Family Home List Price (6 mo): $550,000 ($560k,$560k,$555k,$550k) *$520k
​Median Single Family Home Sold Price(6 mo):$558,000 ($560k,$560k,$560k,$560k)*$530k
Average Days on Market Single Family Home: 38 (36, 43, 40, 42) *33

Condo Stats
Active Condos:  149 (151, 153, 164, 176) *130
Average Condo Listing Price:  $464,381 ($499k, $470k, $482k, $549k) *$478k
Average Condo Selling Price: $462,081 ($493k, $462k, $471k, $532k) *$485k
Condo Sale to List Ratio This Week: 99% (99%, 99%, 98%, 97%)  *101%
Median Condo List Price (6 mo): $449,400 ($450k, $450k, $447k, $550k) *$430k
Median Condo Sold Price (6 mo): $450,000 ($449k, $450k, $442k, $449k) *$443k
Average Days on Market Condos: 35 (41, 18, 33, 41) *32

Active Vacant Lots: 455 (490, 485, 486, 490) *415

Market Rant
Our market is buzzing with activity, though it’s not without its twists and turns. Sellers are stepping up, bringing more new and returning listings to the table, but buyers are treading carefully, as reflected in a dip in the sale-to-listing ratio. It seems the dance between supply and demand is getting a little more intricate! Active inventory has slimmed down a touch, showing that properties are still moving, but not at breakneck speed. The spike in expired or cancelled listings adds a bit of drama, as some sellers recalibrate their strategies or hit pause on their plans.

Single-family homes remain the star of the market, with prices holding steady and sale-to-list ratios staying strong. Homes are spending a bit more time on the market, suggesting buyers might be taking their time to weigh options or negotiate their dream deals. Still, the price alignment between what’s listed and what’s sold shows that sellers and buyers are finding common ground.

Condos, meanwhile, are proving to be a steady contender. Prices are staying competitive, and condos are flying off the market quicker than their single-family counterparts. This segment seems to be all about balance: the right price, the right time, and the right buyer.

All in all, the market is keeping things lively. With sellers adjusting to market realities and buyers carefully plotting their moves, it’s a dynamic, evolving scene where opportunities abound for those ready to seize them. Thanks for stopping by! 

VIEWPOINT REALTY

Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!

Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.


Newest Blog post HERE