The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: September 22nd-29th, 2022
Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 190 (218, 235, 189, 194) *182
Sold: 112 (125, 105, 112, 129) *164
Sale To Listing Ratio: 59% (57%, 45%, 59%, 67%) *90%
Price Changes: 83 (111, 114, 84, 113) *43
Listings that went conditional/pending: 104 (148, 140, 127, 141) *196
Expired/Cancelled/Withdrawn: 57 (60, 67, 97, 101) *60
Total Active Halifax/Dartmouth Inventory: 1,368 (1,340, 1,335, 1,312, 1,298) +1,035
Absorption Rate in weeks: 12 (11, 12, 10, 10) *6
Single Family Home Stats
Active Single Family Home: 708 (705, 706, 679, 662) *401
Average Single Family Home List Price: $469,949 ($526k,$543k,$475k,$483k) *$483k
Average Single Family Home Selling Price: $463,000 ($521k,$539k,$475k,$489k) *$514k
Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99.5%, 101%) *106%
Median Single Family Home List Price (6 mo): $459,900($460k,$460k,$460k,$460k) *$380k
Median Single Family Home Sold Price (6 mo):$510,000 ($515k,$521k,$521k,$525k)*$430k
Average Days on Market Single Family Home: 28 (24, 21, 22, 18) *15
Active Condos: 108 (103, 94, 90, 91) *67
Average Condo Listing Price: $427,000($445k, $400k, $337k, $355k) *$380k
Average Condo Selling Price: $408,750 ($453k, $388k, $340k, $359k) *$394k
Condo Sale to List Ratio This Week: 96% (102%, 99%, 101%, 101%) *104%
Median Condo List Price (6 mo): $384,950 ($380k, $375k, $375k, $385k) *$319k
Median Condo Sold Price (6 mo): $407,638 ($411k, $413k, $420k, $425k) *$340k
Average Days on Market Condos: 28 (16, 46, 23, 22) *24
Active Vacant Lots: 403 (386, 389, 388, 384) *438
Inventory continues to recover and climb this week, heading in the opposite direction of pre-pandemic market trend. Inventory gains in all tracked products this week, with vacant lots taking the most significant increase. Decent amount of new listings hit the market this week as well, which is a bit surprising given the extreme weather event we were just subjected to. I'm sure Fiona postponed some sellers plans this week, so look for inventory additions to be that much more next week! Buyer activity also took a bit of a pause, which again, is not surprising given the storm.
Values continue to adjust across the board again this week, making incremental downward adjustments here and there, but certainly making an impact in the grand scheme of things. Both six month median prices continue their downward march, but listing prices on average have held fast for the most part. It will still take quite a bit more time to get to the floor of the correction, but as each week passes we get closer. Some weeks are better than others, even showing signs of renewed activity, but the overall market environment is correction.
With September and the first week of Fall in the books, it's anyones guess how far the adjustment will drop by the time October ends. I have you covered, so stay tuned to the blog to stay on top of the changing market and stay informed. Thanks for stopping by!
The Weekly "Adogtable"
Hi everyone, I'm Buster, a one year old, 25 lb, male Cur mix. I came all the way from Louisiana several weeks ago in hopes of finding my furever family in the beautiful Maritimes. Sadly I am still waiting for someone to choose me as theirs.
On average, it takes 100 shares and 100 likes for a dog to find a home! Please share my story so my forever family will find me!
I am currently living in Nova Scotia with a new foster family so thought it would be good to update my info!
My foster home includes a few other dogs, and I love them all! I’m a happy-go-lucky guy with lots of energy. Sometimes older dogs may not like how energetic I am, but I just want to play! I like everyone I meet including kids, cats and other dogs. I think I’d love a young family that is active and fun. I am getting about 3-4 twenty minute walks a day here and that has resolved my energy, house training and chewing issues! I love toys of all kinds and I’ll need some available for me to chew on. I love the outdoors!
I am working on my house training and it is coming along but I will need my walks to do my business. I only go potty on a walk! 20 mins each time is fine though!
I don’t like being home alone, as you can imagine since my previous humans never did come back. In my new foster home, I do not like the crate. I will go in and be quiet, but you have to catch me and force me into it so I’d really prefer not to have to go in one if possible. My new foster mom thinks I would be fine, even in an apt, as long as I have toys to play with and a doggy playmate.
Since I am very food motivated, I’ve learned some tricks like how to come when my name is called! This hasn’t been tested outside yet but you can see I’m a smart boy that is willing to learn new things. I also may take a stab at counter surfing when I first get there but a few no's and I'll learn pretty quickly that it's not allowed.
I’ve tried swimming and I really like it, I hope to do some more swimming and adventures with my forever family.
I would really love other canine fur siblings in my home, ones that match my energy level are preferred but definitely ones who will play with me. I do have some energy to burn and a few things to work on but my loving nature will shine through those as I love everything including life and it shows.
If you are an active person who enjoys lots of activity, preferably in the great outdoors, we could be soul mates! Do you think we’d be the perfect match? If so, please fill out an application so we can meet!
My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at
This "cuddly companion" is available through Save a Life Animal Rescue Society, 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
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Jeremiah Wallace, CD
Jeremiah 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..
Photo's by Jeremiah