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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 135 (155, 174, 173, 204) *145 Sold: 92 (96, 107, 119, 119) *108 Sale To Listing Ratio: 68% (62%, 62%, 69%, 58%) *75% Price Changes: 63 (62, 102, 97, 103) *49 Conditional Sale: 107 (89, 126, 113, 120) *116 Expired/Cancelled/Withdrawn: 99 (46, 48, 42, 71) *120 Total Active Halifax/Dartmouth Inventory: 1,441 (1,526, 1,532, 1,544, 1,536) *1,202 Absorption Rate in weeks: 14 (14, 13, 13, 13) *12 Single Family Home Stats Active Single Family Home: 745 (806, 811, 814, 813) *588 Average Single Family Home List Price: $587,316 ($603k,$527k,$524k,$574k) *$501k Average Single Family Home Selling Price: $589,894 ($601k,$518k,$520k,$570k) *$492k Single Family Home Sale to List Ratio This Week: 101% (99%, 98%, 99%, 99%) *98% Median Single Family Home List Price (6 mo):$519,000 ($520k,$519k,$520k,$520k) *$460k Median Single Family Home Sold Price(6 mo):$530,000 ($530k,$530k,$532k,$535k)*$475k Average Days on Market Single Family Home: 32 (33, 25, 33, 31) *28 Condo Stats Active Condos: 124 (130, 126, 126, 127) *84 Average Condo Listing Price: $392,800 ($478k, $478k, $415k, $348k) *$375k Average Condo Selling Price: $383,800 ($485k, $471k, $416k, $345k) *$369k Condo Sale to List Ratio This Week: 97% (101%, 99%, 100%, 99%) *99% Median Condo List Price (6 mo): $429,450 ($440k, $430k, $430k, $430k) *$400k Median Condo Sold Price (6 mo): $437,950 ($441k, $439k, $440k, $440k) *$395k Average Days on Market Condos: 33 (32, 88, 27, 38) *27 Active Vacant Lots: 406 (415, 420, 424, 416) *400 Market Rant Not a huge addition of inventory from last year at this time, but an over 200 product add is nothing to take lightly either. Even with the measures to curb inflation, a fading market, and soaring prices, Halifax remained rather resilient this year and so far the landing has been rather soft. Prices continue to level out around the city, not just soften, but markers are finally being set to gauge product value. The first sector of inventory to feel the market change was the $800k+ range, which is now slowly clawing back prices to obtain buyer interest. This trend should fold into the new year as well, with buyers hoping that lower priced products will see the same shift as their higher valued counterparts. Anything can happen however! Just as we were lulled into thinking the end of last year was the end of the Sellers market, The late Winter / early Spring market had other plans. Could we see a repeat of last year, or will things continue to balance out? With mortgage rates holding fast for now, it seems a lot of folks are on the fence of wether to engage the market or not. If there is an actual reduction in rates, it could be the spark to encourage buyers back to market. Too early to guess on what will happen in the new year, but if I had to take a run at it, we will see a similar surge in the first quarter, but the activity will not be as meaningful as the year prior. Time will tell, and only a few more weeks left of the market year, so be sure to check in and 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? 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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