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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 266 (227, 205, 205, 177) *217 Sold: 117 (120, 123, 121, 122) *109 Sale To Listing Ratio: 44% (53%, 60%, 60%, 69%) *50% Price Changes: 64 (64, 77, 87, 73) *53 Conditional Sale: 173 (120, 136, 136, 143) *128 Expired/Cancelled/Withdrawn: 56 (75, 30, 31, 23) *69 Total Active Halifax/Dartmouth Inventory: 1,338 (1,345, 1,316, 1,278, 1,260) *1,216 Absorption Rate: 11 (11, 11, 12, 13) *13 Single Family Home Stats Active Single Family Home: 668 (676, 649, 633, 622) *604 Average Single Family Home List Price: $628,545 ($569k, $600k, $606k, $583k) *$582k Average Single Family Home Selling Price: $634,426 ($577k, $604k, $607k, $589k) *$585k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%. 101%, 101%) *101% Median Single Family Home List Price (6 mo): $529,900 ($525k,$525k,$522k,$519k) *$490k Median Single Family Home Sold Price(6 mo):$530,000 ($526k, $527k,$525k, $520k)*$485k Average Days on Market Single Family Home: 42 (45, 35, 40, 38) *28 Condo Stats Active Condos: 116 (121, 124, 113, 115) *99 Average Condo Listing Price: $476,400 ($466k, $471k, $518k, $493k) *$492k Average Condo Selling Price: $477,580 ($461k, $476k, $514k, $488k) *$487k Condo Sale to List Ratio This Week: 101% (99%, 101%, 99%, 99%) *99% Median Condo List Price (6 mo): $433,875 ($438k, $435k, $439k, $434k) *$400k Median Condo Sold Price (6 mo): $429,000 ($429k, $429k, $430k, $426k) *$403k Average Days on Market Condos: 25 (25, 23, 23, 29, 9) *21 Active Vacant Lots: 396 (386, 392, 389, 385) *369 Market Rant Despite the biggest injection of new listings we have seen in a week so far this year, inventory overall took a small dip, with both single family homes and condo products taking reductions, while vacant land lots had a slight increase to their numbers. Interesting enough, there wasn't a ton of weekly sales to chip away at the inventory, but the culprit for the change is buyer activity, which reported the highest it has been this year so far as well! Not surprised that buyer activity is elevated this week, we finally have some decent weather and there are property options out there to look at as well! We are still seeing competitive situations for turn-key property, especially anything listed under $600k, but there does seem to be some padding in the $800k+ brackets. Prices reported high this week, which could come from the buyer demand, and six month median prices for single family homes jumped again this week, increasing 10k in a short 4 week timespan. Prices and demand are on the rise, but is this a seasonal trend issue which will cool in the coming weeks, or are buyers edging a bit more pressure to the market before things change and competition becomes more fierce? Time will tell and I have you covered, so be sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 Comments are closed.
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Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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