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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 264 (258, 261, 256, 261) *226 Sold: 139 (135, 159, 137, 165) *148 Sale To Listing Ratio: 61% (61%, 54%, 63%) *66% Price Changes: 112 (112, 135, 112, 139) *76 Conditional Sale: 188 (189, 190, 145, 200) *154 Expired/Cancelled/Withdrawn: 40 (41, 55, 95, 42) *47 Total Active Halifax/Dartmouth Inventory: 1,751 (1,738, 1,729, 1,740, 1,738) *1,400 Absorption Rate: 12 (12, 11, 11, 10) *10 Single Family Home Stats Active Single Family Home: 881 (870, 865, 865, 888) *677 Average Single Family Home List Price: $592,128 ($602k, $581k, $619k, $572k) *$605k Average Single Family Home Selling Price: $$590,102 ($603k, $579k, $629k, $577k) *$603k Single Family Home Sale to List Ratio This Week: 99% (101%, 102%, 101%) *99% Median Single Family Home List Price (6 mo): $575,900 ($565k,$565k,$565k,$565k) *$536k Median Single Family Home Sold Price(6 mo):$568,000 $568k,($568k,$570k,$568k)*$544k Average Days on Market Single Family Home: 30 (31, 36, 10, 24) *27 Condo Stats Active Condos: 133 (130, 127, 127, 128) *113 Average Condo Listing Price: $496,768 ($537k, $486k, $450k. $660k) *$414k Average Condo Selling Price: $491,656 (531k, $479k, $455k, 648k) *$423k Condo Sale to List Ratio This Week: 99% (98%, 101%, 98%) *102% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $440k) *$425k Median Condo Sold Price (6 mo): $440,000 ($440k, $440k, $440k, $440k) *$422k Average Days on Market Condos: 45 (40, 27, 19, 63) *29 Active Vacant Lots: 515 (512, 511, 511, 527) *434 Market Rant The Halifax/Dartmouth real estate market remains vibrant and full of opportunities. With a steady influx of new listings and consistent sales, the market is balancing well between supply and demand. Price adjustments and conditional sales indicate active buyer engagement, while stable absorption rates show that homes are moving at a healthy pace. Single-family homes and condos both show robust activity, with stable prices and quick turnovers. As we head into the next few weeks, expect continued dynamic market activity, providing plenty of opportunities for buyers and sellers alike. The Bank of Canada reduced its overnight rate target to 4.5% and continues balance sheet normalization. Global growth is expected at 3% annually through 2026, with easing inflation. In Canada, GDP growth is 1.5% for the first half of 2024, forecasted at 1.2% in 2024, 2.1% in 2025, and 2.4% in 2026. Inflation moderated to 2.7% in June, with broad pressures easing. The Bank cut rates by 25 basis points, focusing on restoring price stability amidst mixed inflation influences. Stay tuned for more updates and happy house hunting! 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 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? 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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