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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 180 (177) *143 Sold: 85 (76) *64 Sale To Listing Ratio: 47% (43%) *45% Price Changes: 35 (53) *37 Conditional Sale: 132 (106) *85 Expired/Cancelled/Withdrawn: 42 (45) *46 Total Active Halifax/Dartmouth Inventory: 1,273 (1,272) *1,015 Single Family Home Stats Active Single Family Home: 652 (652) *472 Average Single Family Home List Price: $638,319 ($634k) *$549k Average Single Family Home Selling Price: $627,544 ($623k) *$537k Single Family Home Sale to List Ratio This Week: 98% (98%) *98% Median Single Family Home List Price (6 mo):$499,900 ($500k) *$468k Median Single Family Home Sold Price(6 mo):$512,800 ($515k)*$465k Average Days on Market Single Family Home: 45 (55) *52 Condo Stats Active Condos: 106 (97) *66 Average Condo Listing Price: $555,809 ($431k) *$387k Average Condo Selling Price: $539,772 ($422k) *$389k Condo Sale to List Ratio This Week: 97% (98%) *101% Median Condo List Price (6 mo): $433,875 ($425k) *$395k Median Condo Sold Price (6 mo): $426,000 ($422k) *$390k Average Days on Market Condos: 35 (49) *15 Active Vacant Lots: 373 (412) *374 Market Rant Another solid week, as we kick off 2024 with a bang! New listings continue to pour to the market, and they are met with elevated Buyer interest. As mentioned last week, January tends to have this micro Sellers market blip thanks to low inventory levels and increased Buyer activity. This year is no different so far, and the numbers reflect that. Average selling prices remain unusually elevated again this week, with median prices being a bit more reflective of the true nature of the market. Quite the value increase from last year at this time, which is a little surprising given that Halifax was supposed to see a significant value correction in 2023. Speculation is that values will continue to level out until parity is met in all products, across all price points. This process, of course, will take some time, so we should see this as a continual effort throughout 2024. It was announced yesterday that mortgage rates will remain where they are for the time being, but the expectation is that we may see a reduction once inflation has hit a target percentage rate. When and if that does happen, expect a surge in buyer activity as homes become more affordable, not only in price, but in mortgage cost. Off to a good start, so stay tuned to the blog to stay on top of the changing market. 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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