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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 272 (260, 287, 283, 358) *299 Sold: 138 (168, 189, 133, 139) *157 Sale To Listing Ratio: 51% (65%, 66%, 47%, 39%) *53% Price Changes: 88 (102, 112, 81, 99) *76 Conditional Sale: 187 (181, 182, 185, 194) *200 Expired/Cancelled/Withdrawn: 75 (28, 33, 38, 35) *58 Total Active Halifax/Dartmouth Inventory: 1,670 (1,658, 1,648, 1,587, 1,574) *1,361 Absorption Rate: 11 (11, 11, 11, 10) *6 Single Family Home Stats Active Single Family Home: 837 (810, 814, 784, 783) *701 Average Single Family Home List Price: $632,952 ($614k, $655k, $591k, $628k) *$589k Average Single Family Home Selling Price: $639,484 ($622k, $656k, $596k, $634k) *$602k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *102% Median Single Family Home List Price (6 mo): $559,900 ($550k,$550k,$550k,$550k) *$519k Median Single Family Home Sold Price(6 mo):$560,000 ($560k,$560k,$551k,$550k)*$525k Average Days on Market Single Family Home: 25 (28, 31, 28, 32) *31 Condo Stats Active Condos: 130 (134, 136, 132, 133) *101 Average Condo Listing Price: $440,813 ($451k, $473k, $465k, $445k) *$525k Average Condo Selling Price: $443,287 ($450k, $476k, $474k, $450k) *$528k Condo Sale to List Ratio This Week: 101% (99%, 101%, 102%, 101%) *101% Median Condo List Price (6 mo): $439,450 ($435k, $434k, $435k, $430k) *$400k Median Condo Sold Price (6 mo): $435,000 ($430k, $430k, $430k, $430k) *$410k Average Days on Market Condos: 26 (14, 19, 35, 41) *26 Active Vacant Lots: 499 (508, 499, 489, 480) *419 Market Rant Big news this week! The Bank of Canada announced a 25 basis point reduction in the policy rate yesterday (was 5%, now 4.75%), marking it the first time since 2020 that we have seen the rate reduce. This means we should see some changes to variable rate mortgages in the near future, and possible new fixed rate offerings at some point. So how will the announcement impact the market? Time will tell, by I have a suspicion that we will see an uptick in activity in the coming weeks as the market environment becomes much more favourable for Buyers. With inventory options and the potential for a cheaper mortgage, it may be just the spark needed to reignite the smouldering Halifax market. Still missing inventory in key price ranges and locations, but things have definitely improved for buyers in the last few months. We are in the peak of Spring however, and this is usually the time of year when we see the most property for sale during the year, so things can change quickly with the right influencing factors.. Annual trend should take hold by the end of the month, and we should start to to see inventory taper off until the end of the year. Never know though! It has been a wild ride in the last few years, so I would say anything is possible at this point! Stay tuned to the blog for all the ups and downs, and 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 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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