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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 100 (135, 155, 174, 173) *115 Sold: 94 (92, 96, 107, 119) *94 Sale To Listing Ratio: 94% (68%, 62%, 62%, 69%) *82% Price Changes: 47 (63, 62, 102, 97) *34 Conditional Sale: 91 (107, 89, 126, 113) *99 Expired/Cancelled/Withdrawn: 69 (99, 46, 48, 42) *35 Total Active Halifax/Dartmouth Inventory: 1,393 (1,441, 1,526, 1,532, 1,544) *1,172 Absorption Rate in weeks: 14 (14, 14, 13, 13) *12 Single Family Home Stats Active Single Family Home: 710 (745, 806, 811, 814) *567 Average Single Family Home List Price: $525,288 ($587k,$603k,$527k,$524k) *$480k Average Single Family Home Selling Price: $523,795 ($590k,$601k,$518k,$520k) *$458k Single Family Home Sale to List Ratio This Week: 99% (101%, 99%, 98%, 99%) *95% Median Single Family Home List Price (6 mo):$519,000 ($519k,$520k,$519k,$520k) *$460k Median Single Family Home Sold Price(6 mo):$530,000 ($530k,$530k,$530k,$532k)*$475k Average Days on Market Single Family Home: 35 (32, 33, 25, 33) *27 Condo Stats Active Condos: 116 (124, 130, 126, 126) *77 Average Condo Listing Price: $462,591 ($393k, $478k, $478k, $415k) *$370k Average Condo Selling Price: $459,668 ($384k, $485k, $471k, $416k) *$355k Condo Sale to List Ratio This Week: 99% (97%, 101%, 99%, 100%) *96% Median Condo List Price (6 mo): $424,900 ($430k, $440k, $430k, $430k) *$390k Median Condo Sold Price (6 mo): $426,000 ($438k, $441k, $439k, $440k) *$397k Average Days on Market Condos: 28 (33, 32, 88, 27) *33 Active Vacant Lots: 412 (406, 415, 420, 424) *400 Market Rant Well, it's that time of year again! As we approach the end of the month and 4th quarter, activity across the board takes a bit of a rest. With holidays right around the corner, most folks tend to take a break from the property buying or selling venture and get other shopping done, or simply take some time off. Seasonally, it is the slowest time of year, and usually reports the lowest inventory of the year...usually. Since we continued to pad the inventory stats as the year went on, the lowest inventory report of the year was actually the beginning of the year, but that is due to the correcting market. Speaking of inventory, it did conclude the year with just over 200 more properties for sale than last year at this time, and almost double from two short years ago. Activity does appear very similar to this time last year, expect for the value spread, inventory count, and listings coming off the market, but similar in many other respects. The question at this point is where do we go from here? If the late Winter / first quarter market of 2024 is anything like 2023, we could be in for another wild ride! This year started out with a bang and held that momentum will into the Summer months, only to fizzle out in the third quarter to where we are now. The interest rate hikes this year surely helped things cool, but with rates on hold for the time being and values finally levelling out, there is renewed optimism that the market will be more inviting to Buyers in 2024. Only time will tell, but I have you covered! Make sure you check into the blog in the new year and stay informed with all things Halifax Real Estate! Thanks for stopping by, Merry Christmas and Happy New Year!  Happy Holidays! 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 2024 with the 2023 market year summary! Be sure to stop by, you will not want to miss it! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? With the devastation of the fires and floods, we are still far from a full recovery and many animals and people could use help! I want to provide 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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