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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 205 (205, 177, 176, 165) *192 Sold: 123 (121, 122, 100, 90) *98 Sale To Listing Ratio: 60% (60%, 69%, 57%, 55%) *51% Price Changes: 77 (87, 73, 57, 38) *55 Conditional Sale: 136 (136, 143, 138, 128) *132 Expired/Cancelled/Withdrawn: 30 (31, 23, 67, 27) *21 Total Active Halifax/Dartmouth Inventory: 1,316 (1,278, 1,260, 1,251, 1,277) *1,158 Absorption Rate: 11 (12, 13, 14, 14) *13 Single Family Home Stats Active Single Family Home: 649 (633, 622, 618, 622) *564 Average Single Family Home List Price: $599,435 ($606k, $583k, $573k, $570k,) *$582k Average Single Family Home Selling Price: $603,491 ($607k, $589k, $576k, $564k) *$582k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 99%) *99% Median Single Family Home List Price (6 mo): $525,000 ($522k,$519k,$500k,500k) *$480k Median Single Family Home Sold Price(6 mo):$526,500 ($525k, $520k, $520k,$520k)*$475k Average Days on Market Single Family Home: 35 (40, 38, 46, 31) *32 Condo Stats Active Condos: 124 (113, 115, 104, 105) *78 Average Condo Listing Price: $470,486 ($518k, $493k, $369k, $488k) *$437k Average Condo Selling Price: $476,345 ($514k, $488k, $372k, $486k) *$440k Condo Sale to List Ratio This Week: 101% (99%, 99%, 101%, 99%) *101% Median Condo List Price (6 mo): $435,000 ($439k, $434k, $438k, $440k) *$400k Median Condo Sold Price (6 mo): $429,400 ($430k, $426k, $428k, $428k) *$405k Average Days on Market Condos: 23 (23, 29, 9, 36, 38) *19 Active Vacant Lots: 392 (389, 385, 384, 397) *377 Market Rant Looks like last week wasn't a false start after all! For the fourth consecutive week there was an overall inventory gain, and the second time in as many weeks, the weekly additions hit over 200 products. Sales edged up slightly this week, but property receiving and accepting offers stayed steady, which is a bit surprising given the fact more available properties = more options for buyers = more sales, but that doesn't seem to be the case at the moment. Is the buyer pool shrinking? or perhaps more properties are sticking around depending on pricing and location. In most areas close in and around the core buyer activity is still quite strong, with multiple offers still happening, causing sale prices to topple over asking price. This trend is not uncommon in Halifax as of late, especially for certain locations and prices. Even before the pandemic market Halifax was seeing this type of situation, the difference now is that the overspend is not as wild and buyers seem to have a bit more patience thanks to the cooling market and market deflation measures taken by the government. Still early yet, but maybe this will be the year that we see a return of regular Halifax market trend. Only time will tell, and I have you covered, so stay tuned to the blog to keep on top of the 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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