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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 176 (165, 165, 146, 140) *198 Sold: 100 (90, 86, 98, 100) *84 Sale To Listing Ratio: 57% (55%, 52%, 67%, 71%) *42% Price Changes: 57 (38, 52, 35, 35) *39 Conditional Sale: 138 (128, 106, 114, 90) *107 Expired/Cancelled/Withdrawn: 67 (27, 17, 29, 68) *44 Total Active Halifax/Dartmouth Inventory: 1,251 (1,277, 1,276, 1,259, 1,257) *1,096 Absorption Rate: 13 (14, 14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 618 (622, 630, 623, 624) *525 Average Single Family Home List Price: $571,927 ($570k, $575k,$615k, $576k) *$541k Average Single Family Home Selling Price: $576,287 ($564k, $576k, $616k, $577k) *$537k Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 101%, 101%) *99% Median Single Family Home List Price (6 mo): $500,000 $500k,$500k,$500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$519,500 ($520k, $519k, $519k, $518k)*$475k Average Days on Market Single Family Home: 46 (31, 36, 40, 40) *31 Condo Stats Active Condos: 104 (105, 98, 98, 106) *78 Average Condo Listing Price: $368,800 ($488k, $453k, $666k, $554k) *$419k Average Condo Selling Price: $371,711 ($486k, $447k, $647k, $559k) *$416k Condo Sale to List Ratio This Week: 101% (99%, 99%, 97%, 101%) *99% Median Condo List Price (6 mo): $437,500 ($440k, $432k, $434k, $430k) *$410k Median Condo Sold Price (6 mo): $427,500 ($428k, $425k, $425k, $424k) *$405k Average Days on Market Condos: 9 (36, 39, 37, 40) *23 Active Vacant Lots: 384 (397, 394, 390, 385) *365 Market Rant Inventory continues to drag to market again this week, and because of listing reluctancy reductions were reported in all tracked products. The overall inventory itself is reporting close to the levels seen last year at this time, which goes against the grain of inventory gain predictions... so far at least. The big showcase will come in the next few weeks, and as we approach the Spring market hopefully there will be a surge in the supply, because the underlying demand is there, only to increase over the next few months. Without a balance or more available products, there will likely be intermittent and pocket returns to the hot sellers market we have seen come and go since last year. We are already seeing this kind of elevated activity in certain areas and price points in the city, so it is known that a bulk of buyers are standing by to snap things up, especially in the sub $550k pricing bracket. March break is upon us, and usually the time sellers will make a push to prepare their property for the market, so look to the following week to get a glimpse of the coming market. Will it be a feeding frenzy of listings, or will the inventory continue it's mediocre performance heading into the Spring. 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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