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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 270 (261, 319, 242, 305) *257 Sold: 143 (166, 183, 124, 175) *158 Sale To Listing Ratio: 53% (64%, 57%, 51%, 57%) *62% Price Changes: 143 (192, 216, 155, 232) *151 Conditional Sale: 149 (165, 145, 173, 172) *158 Expired/Cancelled/Withdrawn: 68 (72, 68, 145, 68) *138 Total Active Halifax/Dartmouth Inventory: 2,248 (2,249, 2,261, 2,174, 2,235) *1,918 Absorption Rate: *15 (14, 14, 14, 13) *11 Single Family Home Stats Active Single Family Home: 1,206 (1,210, 1,205, 1,142, 1,176) *1,000 Average Single Family Home List Price: $635,698 ($665k, $638k, $686k, $651k) *$631k Average Single Family Home Selling Price: $621,741 ($654K, $631k, $666k, $644k) *$632k Single Family Home Sale to List Ratio This Week: 98% (98%, 99%, 97%, 99%) *100% Median Single Family Home List Price (6 mo):$599,900 ($600k, $600k, $600k, $600k) *600K Median Single Family Home Sold Price(6mo): $590,900 ($590k, $590k, $590k, $590k)*$595k Average Days on Market Single Family Home: 36 (32, 34, 31, 30) *27 Condo Stats Active Condos: 270 (268, 269, 271, 277) *197 Average Condo Listing Price: $483,833 ($392k, $418k, $376k, $465k) *$530k Average Condo Selling Price: $470,072 ($377k, $411k, $376%. $455k) *$513k Condo Sale to List Ratio This Week: 97% (96%, 98%, 100%, 98%) *97% Median Condo List Price (6 mo): $449,000 ($450k, $450k, $450k, $450k) *$450k Median Condo Sold Price (6 mo): $436,750 ($438k, $438k, $441k, $445k) *$440k Average Days on Market Condos 33 (68, 41, 38, 38) *37 Active Vacant Lots: 448 (450, 451, 448, 455) *440 Market Rant The Halifax real estate market settled into a more measured week, with both new listings and completed sales easing from the previous reporting period. Even with the slight slowdown, the overall picture remains remarkably consistent: inventory continues to hover near its highest levels in years while buyer demand remains healthy enough to keep the market moving. One of the more encouraging trends this week is that inventory has essentially stabilized. After months of steady increases, the total number of active listings changed very little, suggesting the market may be finding a temporary balance between new supply and buyer absorption. While buyers continue to enjoy plenty of choice, quality homes that are priced appropriately are still attracting offers without lengthy delays. The single-family home market remained steady. Average prices softened slightly from last week, but sale-to-list ratios continue to demonstrate that buyers are willing to pay close to asking price for desirable properties. Marketing times have edged up modestly compared to earlier in the season, which gives buyers a little more breathing room while still rewarding sellers who prepare and price their homes effectively. The condominium market bounced back after several weeks of fluctuating averages. Average sale prices recovered nicely, while median values remained stable, reinforcing that condos continue to represent a dependable segment of the market. Days on market also improved, indicating buyers remain engaged despite the increased selection. Overall, this week's numbers reinforce the trend we've been watching throughout the summer. The market isn't accelerating, nor is it slowing dramatically. Instead, it's behaving much more like a balanced marketplace, where realistic pricing, strong presentation, and patience are becoming the keys to success. Your competition isn't last month's market—it's today's listings. One of the biggest mistakes sellers make is pricing their home based on what the neighbour down the street sold for a few months ago. The reality is that buyers don't compare your home to sales from the spring—they compare it to what's available today. If there are ten similar homes on the market, yours has to stand out on value, condition, presentation, or price. That's why pricing is constantly evolving. As inventory grows or shrinks, the competition changes with it. A strategy that worked three months ago may not be the best strategy today. For buyers, this means there's more opportunity to compare properties and negotiate when appropriate. For sellers, it means understanding the current landscape is more important than focusing on yesterday's results. Real estate is always a moving target. The homes you're competing against today matter far more than the ones that sold yesterday. Stay tuned to the blog to stay on top of the changing market, and 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. Latest 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 fifteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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