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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 249 (270, 261, 319, 242) *218 Sold: 120 (143, 166, 183, 124) *138 Sale To Listing Ratio: 48% (53%, 64%, 57%, 51%) *63% Price Changes: 163 (143, 192, 216, 155) *121 Conditional Sale: 154 (149, 165, 145, 173) *159 Expired/Cancelled/Withdrawn: 56 (68, 72, 68, 145) *59 Total Active Halifax/Dartmouth Inventory: 2,272 (2,248, 2,249, 2,261, 2,174) *1,901 Absorption Rate: *15 (15, 14, 14, 14) *13 Single Family Home Stats Active Single Family Home: 1,226 (1,206, 1,210, 1,205, 1,142) *985 Average Single Family Home List Price: $651,454 ($636k, $665k, $638k, $686k) *$575kk Average Single Family Home Selling Price: $645,476 ($622k, $654K, $631k, $666k) *$552k Single Family Home Sale to List Ratio This Week: 99% (98%, 98%, 99%, 97%) *96% Median Single Family Home List Price (6 mo):$599,000 ($600k, $600k, $600k, $600k) *600K Median Single Family Home Sold Price(6mo): $590,000 ($591k, $590k, $590k, $590k)*$590k Average Days on Market Single Family Home: 30 (36, 32, 34, 31) *29 Condo Stats Active Condos: 268 (270, 268, 269, 271) *204 Average Condo Listing Price: $494,900 ($484k, $392k, $418k, $376k) *$466k Average Condo Selling Price: $481,439 ($470k, $377k, $411k, $376%) *$557k Condo Sale to List Ratio This Week: 97% (97%, 96%, 98%, 100%) *98% Median Condo List Price (6 mo): $449,500 ($450k, $450k, $450k, $450k) *$448k Median Condo Sold Price (6 mo): $437.500 ($437k, $438k, $438k, $441k) *$435k Average Days on Market Condos 57 (33, 68, 41, 38) *29 Active Vacant Lots: 465 (448, 450, 451, 448) *429 Market Rant Our market here in Halifax continued its late summer rhythm this week, with a modest slowdown in both new listings and completed sales. While activity eased compared to recent weeks, the overall market remains healthy, and inventory continues to provide buyers with an abundance of choice. One trend that continues to stand out is the stability of the market despite the elevated inventory. Active listings reached another high point for the year, yet homes that are well-prepared and competitively priced are still attracting offers and selling close to their asking price. Rather than signalling a weak market, the additional inventory is creating a more balanced environment where buyers have time to make informed decisions and sellers have to be more strategic than they were a few years ago. The single-family home market remained resilient this week. Average prices moved higher again, while the median price remained virtually unchanged, reinforcing that overall home values have stayed remarkably steady over the past several months. Days on market also improved slightly, suggesting buyers are still moving decisively when the right property comes along. Condominiums experienced another week of shifting averages, but the broader trend remains consistent. Median prices continue to hold steady, indicating that fluctuations in average prices are largely being driven by the mix of units sold rather than a significant change in market value. With inventory remaining relatively stable, condos continue to offer an attractive entry point for first-time buyers, downsizers, and investors alike. Overall, this week's report paints the picture of a market that is finding its footing. Inventory is abundant, competition among sellers remains healthy, and buyers have opportunities that simply didn't exist a few years ago. At the same time, strong demand continues to support pricing, resulting in a market that feels increasingly balanced. Presentation has never mattered more! When inventory was extremely tight, almost every home received attention simply because there were so few options available. Today's market is different. Buyers are scrolling through hundreds of listings before they ever step foot inside a home. They compare photos, read descriptions, check room sizes, and often decide within seconds whether a property is worth viewing. That means presentation isn't just a nice bonus... it's part of your pricing strategy. Professional photography, decluttering, fresh paint, minor repairs, and thoughtful staging can dramatically change a buyer's first impression. Two similar homes can receive very different levels of interest simply because one tells a better story online. In today's market, buyers have choices. The homes that stand out are the ones that look cared for, feel inviting, and make it easy for buyers to picture themselves living there. Selling a home has never been just about putting it on the market. It's about making it impossible to scroll past. 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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