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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 155 (174, 173, 204, 209) *147 Sold: 96 (107, 119, 119, 117) *96 Sale To Listing Ratio: 62% (62%, 69%, 58%, 56%) *65% Price Changes: 62 (102, 97, 103, 116) *69 Conditional Sale: 89 (126, 113, 120, 135) *113 Expired/Cancelled/Withdrawn: 46 (48, 42, 71, 140) *123 Total Active Halifax/Dartmouth Inventory: 1,526 (1,532, 1,544, 1,536, 1,525) *1,207 Absorption Rate in weeks: 14 (13, 13, 13, 13) *12 Single Family Home Stats Active Single Family Home: 806 (811, 814, 813, 809) *596 Average Single Family Home List Price: $603,125 ($527k,$524k,$574k,$544k) *$473k Average Single Family Home Selling Price: $601,117 ($518k,$520k,$570k,$545k) *$471k Single Family Home Sale to List Ratio This Week: 99% (98%, 99%, 99%, 100%) *99% Median Single Family Home List Price (6 mo):$519,900 ($519k,$520k,$520k,$520k) *$460k Median Single Family Home Sold Price(6 mo):$530,000 ($530k,$532k,$535k,$535k)*$477k Average Days on Market Single Family Home: 33 (25, 33, 31, 27) *38 Condo Stats Active Condos: 130 (126, 126, 127, 124) *84 Average Condo Listing Price: $477,933 ($478k, $415k, $348k, $493k) *$368k Average Condo Selling Price: $484,837 ($471k, $416k, $345k, $492k) *$361k Condo Sale to List Ratio This Week: 101% (99%, 100%, 99%, 99%) *98% Median Condo List Price (6 mo): $439,700 ($430k, $430k, $430k, $430k) *$395k Median Condo Sold Price (6 mo): $442,750 ($439k, $440k, $440k) *$390k Average Days on Market Condos: 32 (88, 27, 38, 31) *11 Active Vacant Lots: 415 (420, 424, 416, 407) *394 Market Rant The end of the year wind down is on! Few skips along the way, a last minute rush, and an inventory count that has been rather resilient right up until the end of the 4th quarter. With December on the horizon, expect the stats to continue their decent until the end of the month, which should see the lowest report of the year...should. With the way the last few years have tracked, it's anyones guess on how December will report, but it usually bottoms out at the end of the year, then kicks it up a notch as soon as the new year breaks. There are a lot of similarities from last years market at this time and now, but the the one stat that has not balanced yet are product values. I wouldn't bet on them meeting anytime soon, but the spread from last year this time time to now is definitely much closer than the last couple of years. The expectation is that values will continue to plateau and inventory to rise, creating a balanced market in most areas of HRM. That being said, that was the projection at this time last year as well, only for January to kick off with a bang and carry on with another solid Sellers market in many areas of the city. Perhaps it's the final throws of the pandemic market, but the reality is that we are now in a post-pandemic market, on track to get back to a pre-pandemic Halifax market, activity wise anyways (not values). Only time will tell, but the yearly summary should be another interesting one this year, so be sure to stay tuned to the blog as we finish up the remainder if the 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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