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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 195 (163, 191, 179, 143) *155 Sold: 110 (126, 122, 114, 92) *96 Sale To Listing Ratio: 56% (77%, 64%, 64%, 64%) *62% Price Changes: 69 (105, 105, 83, 76) *62 Conditional Sale: 115 (151, 151, 135, 98) *89 Expired/Cancelled/Withdrawn: 163 (70, 70, 57, 78) *46 Total Active Halifax/Dartmouth Inventory: 1,563 (1,625, 1,660, 1,691, 1,722) *1,526 Absorption Rate: 13 (14, 15, 15, 15) *14 Single Family Home Stats Active Single Family Home: 752 (761, 799, 810, 834) *806 Average Single Family Home List Price: $596,251 ($574k, $623k, $594k, $604k) *$603k Average Single Family Home Selling Price: $587,109 ($573k, $610k, $586k, $602k) *$601k Single Family Home Sale to List Ratio This Week: 99% (99%, 98%, 99%, 99%) *99% Median Single Family Home List Price (6 mo): $550,000 ($560k,$560k,$555k,$550k) *$520k Median Single Family Home Sold Price(6 mo):$558,000 ($560k,$560k,$560k,$560k)*$530k Average Days on Market Single Family Home: 38 (36, 43, 40, 42) *33 Condo Stats Active Condos: 149 (151, 153, 164, 176) *130 Average Condo Listing Price: $464,381 ($499k, $470k, $482k, $549k) *$478k Average Condo Selling Price: $462,081 ($493k, $462k, $471k, $532k) *$485k Condo Sale to List Ratio This Week: 99% (99%, 99%, 98%, 97%) *101% Median Condo List Price (6 mo): $449,400 ($450k, $450k, $447k, $550k) *$430k Median Condo Sold Price (6 mo): $450,000 ($449k, $450k, $442k, $449k) *$443k Average Days on Market Condos: 35 (41, 18, 33, 41) *32 Active Vacant Lots: 455 (490, 485, 486, 490) *415 Market Rant Our market is buzzing with activity, though it’s not without its twists and turns. Sellers are stepping up, bringing more new and returning listings to the table, but buyers are treading carefully, as reflected in a dip in the sale-to-listing ratio. It seems the dance between supply and demand is getting a little more intricate! Active inventory has slimmed down a touch, showing that properties are still moving, but not at breakneck speed. The spike in expired or cancelled listings adds a bit of drama, as some sellers recalibrate their strategies or hit pause on their plans. Single-family homes remain the star of the market, with prices holding steady and sale-to-list ratios staying strong. Homes are spending a bit more time on the market, suggesting buyers might be taking their time to weigh options or negotiate their dream deals. Still, the price alignment between what’s listed and what’s sold shows that sellers and buyers are finding common ground. Condos, meanwhile, are proving to be a steady contender. Prices are staying competitive, and condos are flying off the market quicker than their single-family counterparts. This segment seems to be all about balance: the right price, the right time, and the right buyer. All in all, the market is keeping things lively. With sellers adjusting to market realities and buyers carefully plotting their moves, it’s a dynamic, evolving scene where opportunities abound for those ready to seize them. 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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