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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 260 (287, 283, 358, 321) *272 Sold: 168 (189, 133, 139, 158) *191 Sale To Listing Ratio: 65% (66%, 47%, 39%, 49%) *70% Price Changes: 102 (112, 81, 99, 103) *92 Conditional Sale: 181 (182, 185, 194, 171) *206 Expired/Cancelled/Withdrawn: 28 (33, 38, 35, 58) *59 Total Active Halifax/Dartmouth Inventory: 1,658 (1,648, 1,587, 1,574, 1,501) *1,334 Absorption Rate: 11 (11, 11, 10, 10) *8 Single Family Home Stats Active Single Family Home: 810 (814, 784, 783, 745) *679 Average Single Family Home List Price: $614,158 ($655k, $591k, $628k, $634k) *$605k Average Single Family Home Selling Price: $621,508 ($656k, $596k, $634k, $641k) *$612k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $550,000 ($550k,$550k,$550k,$550k) *$509k Median Single Family Home Sold Price(6 mo):$560,000 ($560k,$551k,$550k,$550k)*$520k Average Days on Market Single Family Home: 28 (31, 28, 32, 26) *22 Condo Stats Active Condos: 134 (136, 132, 133, 125) *92 Average Condo Listing Price: $451,200 ($473k, $465k, $445k, $441k) *$429k Average Condo Selling Price: $450,127 ($476k, $474k, $450k, $449k) *$437k Condo Sale to List Ratio This Week: 99% (101%, 102%, 101%, 102%) *102% Median Condo List Price (6 mo): $435,000 ($434k, $435k, $430k, $430k) *$400k Median Condo Sold Price (6 mo): $430,000 ($430k, $430k, $430k, $429k) *$410k Average Days on Market Condos: 14 (19, 35, 41, 11) *29 Active Vacant Lots: 508 (499, 489, 480, 459) *420 Market Rant Overall market activity reported averagely this week, begging the question of if we have already hit the inventory peak. There was marginal gains for some tracked products, but both single family homes and condos took reductions this week, which would be an unusually early time to start our decent. New listing additions fell short this week as well, reporting the lowest product add count in over a month. Price changes are still plentiful given the changing market, and buyer activity held fast again this week, pushing solid numbers for the overall picture. Values for both tracked products took a bit of a dip this week, and the six month median prices for both condo and single family homes held fast. Some areas of the city and price points are still red hot, while others continue to cool, so it's a mixed bag out there at the moment. With Spring coming to a close, market activity usually begins to soften, but given current demand the expectation is that we will see elevated interest well into the Summer months, especially with entry level properties. All it will take to add gasoline to the current situation will be an interest rate drop, which may be closer than we think. With things becoming slightly more affordable, and a turn of events for interest rates, buyers may have more confidence to buy into the market. Time will tell however, and I have you covered, so be sure to stay tuned to the Halifax Real Estate Blog to 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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