The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: May 20th-27th, 2021
4(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 251 (250, 251, 261, 296) *320
Sold: 201 (245, 303, 269, 301) *161
Sale To Listing Ratio: 80% (98%, 121%, 103%, 102%) *53%
Price Changes: 35 (39, 39, 42, 59) *66
Listings that went conditional/pending: 223 (204, 267, 264, 346) *242
Expired/Cancelled/Withdrawn: 27 (40, 43, 79, 48) *31
Total Active Halifax/Dartmouth Inventory: 950 (971, 880, 917, 994) +2,132
Absorption Rate in weeks: 4 (3, 3, 3, 3) *16
Single Family Home Stats
Active Single Family Home: 325 (350, 290, 320, 364) *1,130
Average Single Family Home List Price: $432,664 ($453k,$446k,$427k,$419k) *$383k
Average Single Family Home Selling Price: $490,126 ($508k,$494k,$480k,$477k) *$377k
Single Family Home Sale to List Ratio This Week: 113% (112%,111%,112%,114%) *98%
Median Single Family Home List Price (6 mo): $384,900 ($380k,$380k,$380k,$380k)*$325k
Median Single Family Home Sold Price (6 mo):$425,000 ($415k,$415k,$415k,$411k)*$320k
Average Days on Market Single Family Home: 12 (14, 21, 12, 14) *67
Active Condos: 80 (78, 74, 90, 101) *165
Average Condo Listing Price: $377,486 ($424k, $378k, $336k, $280k) *$266k
Average Condo Selling Price: $391,544 ($436k, $397k, $369k, $348k) *$264k
Condo Sale to List Ratio This Week: 103% (103%, 105%, 110%, 124%) 99%
Median Condo List Price (6 mo): $318,900 ($305k, $305k, $305k, $303k) *$269k
Median Condo Sold Price (6 mo): $338,850 ($325k, $325k, $325k, $325k) *$263k
Average Days on Market Condos: 42 (13, 16, 27, 10) *23
Active Vacant Lots: 425 (420, 406, 403, 412) *699
After a surprising amount of inventory gain last week, we get back to the downward trending lockdown blues. Wouldn't be so noticeable if the overall inventory was higher, but with so few options out there at the moment, listing supply variations are being laser focused on (even if small). New listings have averaged around the 250 mark since the beginning of the lockdown, which is substantially lower than before it, and sales continue to slide downwards likely due to the lack of options. Buyer activity is still surprisingly busy, and actually increased a touch this week with 223 properties receiving and accepting offers. Again, much lower than pre-lockdown, but still quite solid for being in a lockdown and the lack of supply. Solid value report again this week, and it does appear that the trend is the same as the last lockdown as listing prices and sales continue their upward climb. Speaking of upward climbs, both condo and SFH 6 month median list/sale ratio's had their largest increase in months and have set new record heights this week. This pattern will likely continue for the foreseeable future, but the big question is when will it cap? Big note from the week was the change in the absorption rate. After a long stretch of a record low 3 weeks, there was an increase this week to 4 months. This is a significant number since the higher it goes, the cooler the market will get for sellers, and even a slight increase can signal a change on the way. Now, it's only one week, but this will be the stat to watch in the coming weeks to see where we go post lockdown.
Still, the market is in great shape for only essential activity happening, I can only imagine what things will look like on the other side of it! Only time will tell, so stay tuned to the blog to stay on top of the rapidly changing market! stay safe out there, and thanks for stopping by!
The Weekly "Adogtable"
Hola Amigos! I’m Thor, a handsome four-year-old 60 lb Labrador-Mastiff mix from Mexico! My rescuers found me abandoned in a park in Puebla after having been attacked and wounded by another dog. I can’t believe how lucky I am now to be in Nova Scotia and so close to finding my FUR-ever family!
If you’re looking for a big snuggle bug that’s also full of energy, look no further! I LOVE to cuddle and get pats, but I also LOVE to play (especially tug and ball chasing) and go on long walks. It’s really important that my FUR-ever family is active because I need a healthy balance of physical and mental exercise to stay happy and well-behaved.
Speaking of walks, I’m still learning how to behave properly on a leash; I have a tendency to pull and occasionally jump up on cars when I see my reflection. Since it is so important that I get my exercise, my FUR-ever family is going to need to be willing to take the time to teach me proper leash manners so that we can both enjoy long walks together!
I’m very friendly with all the people I meet, but I can get a little bit too excited and try to jump on them. For this reason, my foster family thinks that I would do best in a home without young children.
I haven’t had a lot of experience with other dogs since I’ve been in the Maritimes, but my rescuers thought that I could do well in a home with female dogs my size. In terms of cats, I do not have any experience living with them, but I’m definitely keen to chase them if I see one, so it would probably be best if I didn’t have feline siblings.
Housebreaking, indoor manners and basic obedience are all still a work in progress, but I am very eager to please! I’m still having accidents in my foster home and haven’t yet figured out how to ask to go outside (though I do sometimes walk to the door).
I am also compelled to try and eat pretty much everything, that includes things on tables and counter tops, so a properly dog-proofed home is a must. I’ve learned how to “sit” but can be easily distracted by my excitement.
So, clearly my FUR-ever family is going to need to be patient and consistent with my training, but don’t worry my foster family told me that I am smart and already showing good progress!
I’m not too keen on being left home alone and can get into mischief (my foster mom caught me stealing a peanut butter jar off the table…). I do, however, love to go for car rides, so I’d love to come with you on your errands and adventures!
All in all, I do have some training needs, but I know that if my FUR-ever family is patient and consistent with me that I will learn everything I need to know! I promise to keep you motivated with endless cuddles!
Are you my forever family?
My adoption fee is a $350 donation to help save more dogs like me. I am neutered, vaccinated, microchipped, and I have all my doggy papers to come home to you! I also come with 6 weeks of pet insurance! You can apply for me at
This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, 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
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah