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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 283 (358, 321, 276, 323) *262 Sold: 133 (139, 158, 169, 145) *147 Sale To Listing Ratio: 47% (39%, 49%, 61%, 45%) *56% Price Changes: 81 (99, 103, 86, 72) *86 Conditional Sale: 185 (194, 171, 159, 196) *215 Expired/Cancelled/Withdrawn: 38 (35, 58, 39, 49) *35 Total Active Halifax/Dartmouth Inventory: 1,587 (1,574, 1,501, 1,435, 1,398) *1,330 Absorption Rate: 11 (10, 10, 11, 11) *9 Single Family Home Stats Active Single Family Home: 784 (783, 745, 696, 696) *665 Average Single Family Home List Price: $590,513 ($628k, $634k, $660k, $672k) *$613k Average Single Family Home Selling Price: $596,347 ($634k, $641k, $666k,$679k) *$622k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $549,900 ($550k,$550k,$550k,$540k) *$500k Median Single Family Home Sold Price(6 mo):$550,750 ($550k,$550k,$548k,$541k)*$513k Average Days on Market Single Family Home: 28 (32, 26, 32, 45) *28 Condo Stats Active Condos: 132 (133, 125, 112, 114) *102 Average Condo Listing Price: $464,538 ($445k, $441k, $480k, $464k) *$470k Average Condo Selling Price: $474,397 ($450k, $449k, $486k, $467k) *$485k Condo Sale to List Ratio This Week: 102% (101%, 102%, 101%, 101%) *103% Median Condo List Price (6 mo): $434,900 ($430k, $430k, $434k, $429k) *$400k Median Condo Sold Price (6 mo): $430,000 ($430k, $429k, $430k, $429k) *$407k Average Days on Market Condos: 35 (41, 11, 11, 25) *24 Active Vacant Lots: 489 (480, 459, 431, 415) *415 Market Rant Perhaps the warmer temps this week has caused a bit of a distraction, as it seems as though May momentum hit a bit of a speed bump this week. Listings reported much lower than last week (although still higher than last year at this time), and sales slumped as well. Buyer activity reported positively, but even that seems a little lacklustre this week comparably. Overall inventory took a slight uptick this week, and is looking much healthier than the last three years really, so that is a good sign of things to come (hopefully). Both single family homes, condos and vacant land stats are reporting higher numbers than last year at this time, which I'm sure is a welcome sight to any buyers out there at the moment. The hyper competitive price bracket bar is adjusting as well, where we started to see inventory padding over the $800k mark, we are starting to see stale options sitting at $700k and even $600k around certain areas of the city. The 400k-500k is still quite competitive, but even those price brackets are seeing much less activity overall as well, to include offers. There does seem to be a bit of buyer hesitancy out there at the moment, perhaps due to more property options, or maybe buyers also know that more is on the way, so they can take their time. Either way, the overall feel out there at the movement is not one of urgency, but that might change as the Spring comes to an end and the purchase or sale needs to happen. It's been a chess match out there this year, so stay tuned to the blog to see how it all goes down! 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! 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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