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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 174 (173, 204, 209, 243) *192 Sold: 107 (119, 119, 117, 119) *98 Sale To Listing Ratio: 62% (69%, 58%, 56%, 49%) *51% Price Changes: 102 (97, 103, 116, 132) *70 Conditional Sale: 126 (113, 120, 135, 168) *143 Expired/Cancelled/Withdrawn: 48 (42, 71, 140, 47) *49 Total Active Halifax/Dartmouth Inventory: 1,532 (1,544, 1,536, 1,525) *1,285 Absorption Rate in weeks: 13 (13, 13, 13, 14) *13 Single Family Home Stats Active Single Family Home: 811 (814, 813, 809, 834) *635 Average Single Family Home List Price: $526,651 ($524k,$574k,$544k,$568k) *$475k Average Single Family Home Selling Price: $518,066 ($520k,$570k,$545k,$569k) *$470k Single Family Home Sale to List Ratio This Week: 98% (99%, 99%, 100%, 101%) *99% Median Single Family Home List Price (6 mo):$519,000 ($520k,$520k,$520k,$525k) *$460k Median Single Family Home Sold Price(6 mo):$530,000 ($532k,$535k,$535k,$536k)*$480k Average Days on Market Single Family Home: 25 (33, 31, 27, 32) *31 Condo Stats Active Condos: 126 (126, 127, 124, 126) *97 Average Condo Listing Price: $478,044 ($415k, $348k, $493k, $444k) *$425k Average Condo Selling Price: $471,066 ($416k, $345k, $492k, $433k) *$429k Condo Sale to List Ratio This Week: 99% (100%, 99%, 99%, 98%) *101% Median Condo List Price (6 mo): $429,900 ($430k, $430k, $430k, $430k) *$395k Median Condo Sold Price (6 mo): $440,000 ($439k, $440k, $440k, $444k) *$390k Average Days on Market Condos: 88 (27, 38, 31, 20) *23 Active Vacant Lots: 420 (424, 416, 407, 431) *412 Market Rant Activity reluctancy continues its decent as we approach the colder months of the year, but there are still mixed reports with what is happening vs what should be happening. The Halifax market is still pushing right along, and although inventory continues to fluctuate, buyer active remains steady. The continued lower product additions this year and increased buyer tempo have really made for an interesting market environment, and one that has been stumping quite a few buyers out there. Waiting for "the one" has often turned into "the available one", with buyers conceding a few more items from the "must have list", but with the market changing, there has been a few less items that buyers need to strike off the list to make it an option. That, or they are more that willing to wait it out, knowing that more options will be on the way. which is certainly a different experience from the last few years. It's still a surprise to some sellers to hear the changed dynamic of our marketplace, and of course, its a welcomed change to Buyers. Inventory levels from this year to last has continued to increase over the last few months, which has been a strange happening, but it will create a padding for the new market year when things heat up again. As mentioned in a previous post, this time of year does have an annual trend of reducing to the inventory low point which bottoms out right around Christmas, so this is a normal event. It'll be a nail biter right to the buzzer I think, so stay tuned to catch the final chapter in the Halifax market year. 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? With the devastation of the fires and floods, we are still far from a full recovery and many animals and people could use help! I want to provide 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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