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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 177 (176, 165, 165, 146) *185 Sold: 122 (100, 90, 86, 98) *100 Sale To Listing Ratio: 69% (57%, 55%, 52%, 67%) *54% Price Changes: 73 (57, 38, 52, 35) *54 Conditional Sale: 143 (138, 128, 106, 114) *110 Expired/Cancelled/Withdrawn: 23 (67, 27, 17, 29) *34 Total Active Halifax/Dartmouth Inventory: 1,260 (1,251, 1,277, 1,276, 1,259) *1,119 Absorption Rate: 13 (14, 14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 622 (618, 622, 630, 623) *529 Average Single Family Home List Price: $583,951 ($573k, $570k, $575k, $615k) *$626k Average Single Family Home Selling Price: $589,129 ($576k, $564k, $576k, $616k) *$627k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $519,400 ($500k,500k,$500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$520,000 ($520k, $520k, $519k, $518k)*$475k Average Days on Market Single Family Home: 38 (46, 31, 36, 40) *32 Condo Stats Active Condos: 115 (104, 105, 98, 98) *78 Average Condo Listing Price: $493,030 ($369k, $488k, $453k, $666k) *$481k Average Condo Selling Price: $487,867 ($372k, $486k, $447k, $647k) *$487k Condo Sale to List Ratio This Week: 99% (101%, 99%, 99%, 97%) *101% Median Condo List Price (6 mo): $433,875 ($438k, $440k, $432k, $434k) *$410k Median Condo Sold Price (6 mo): $426,000 ($428k, $428k, $425k, $425k) *$408k Average Days on Market Condos: 29 (9, 36, 39, 37, 40) *22 Active Vacant Lots: 385 (384, 397, 394, 390) *373 Market Rant The 2024 market year trajectory will likely be written in the next few months, but so far it's been a sleeper. If you look closely, there are small indications of a crawling market, like the increased price changes, the slowly increasing inventory, and mediocre new listing additions. On the other side of that coin, there are positive indicators, like the increased number of listings under agreement this week, the lacking expired/cancelled properties, and sales values, all of which are sending mixed messages about the current market environment. Buyer interest is piqued, but overpaying is not in the vocabulary of the current buyer mob. Even with limited choice, the current mentality seems to be a patient one, which has been carved from the bedrock of the pandemic market. Being on the fringe of the cooling market, savvy buyers take stock of current market conditions, especially since the winds of change are still blowing. Historically, the coming weeks will be the most exciting to buyers, lots of options and a chance to pick up a property without having to bet the farm. No doubt buyers are ready for a change, but much like last year, that chance might not come until much later in the year. Time will tell, and I have you covered, so be sure to stay tuned to the blog and 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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