(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 219 (202, 228, 231, 275) *243 Sold: 139 (119, 137, 138, 136) *119 Sale To Listing Ratio: 64% (59%,60%, 60%, 50%) *49% Price Changes: 102 (93, 142, 144, 113) *132 Conditional Sale: 134 (141, 174, 177, 151) *168 Expired/Cancelled/Withdrawn: 55 (69, 62, 135, 65) *47 Total Active Halifax/Dartmouth Inventory: 1,761 (1,744, 1,745, 1,756, 1,840) *1,583 Absorption Rate: 13 (13, 13, 13, 15) *14 Single Family Home Stats Active Single Family Home: 868 (881, 888, 890, 938) *834 Average Single Family Home List Price: $619,713 ($581k, $588k, $558k, $592k) *$567k Average Single Family Home Selling Price: $612,695 ($577k, $579k, $559k, $593k) *$569k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $554,900 ($560k,$564k,$568k,$565k) *$525k Median Single Family Home Sold Price(6 mo):$560,000 ($565k,$565k,$569k,$565k)*$536k Average Days on Market Single Family Home: 33 (28, 25, 28, 31) *32 Condo Stats Active Condos: 167 (153, 147, 147, 158) *126 Average Condo Listing Price: $446,925 ($446k, $447k, $486k, $432k) *$444k Average Condo Selling Price: $447,184 ($441k, $451k, $479k, $432k) *$432k Condo Sale to List Ratio This Week: 101% (99%, 101%, 99%, 101%) *98% Median Condo List Price (6 mo): $442,400 ($445k, $440k, $440k, $440k) *$430k Median Condo Sold Price (6 mo): $442,000 ($445k, $442k, $440k, $440k) *$444k Average Days on Market Condos: 18 (22, 33, 46, 19) *20 Active Vacant Lots: 500 (491, 494, 506, 513) *431 Market Rant The Halifax/Dartmouth real estate market continues to show a healthy balance of activity, with notable stability across key indicators. New listings are holding steady, and sales are keeping pace, demonstrating strong demand despite slight increases in average home prices. In the single-family home market, prices have risen, with both listing and selling prices showing a slight uptick. Sellers are still commanding high prices, as homes are selling at 99% of their listing value. Although days on market have stretched slightly, the market remains competitive, with buyers willing to meet sellers’ expectations, suggesting sustained confidence in this segment. The condo market is equally active, with inventory expanding and sales moving quickly. The average days on market has dropped to just 18 days, indicating high buyer interest and a fast-paced environment. Condos are selling at 101% of their listing price, showing that buyers are eager and prepared to pay close to asking. This makes condos an attractive option, especially for those looking for affordability and urban convenience. In summary, the Halifax/Dartmouth market is robust, with consistent buyer interest across all property types. Steady prices, quick sales in certain price points, and steady inventory suggest a market that’s vibrant and resilient as we move forward, with both buyers and sellers finding their place in this dynamic landscape. 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? 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.. ListingsPhoto's by Jeremiah
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