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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 319 (242, 305, 331, 272) *257 Sold: 183 (124, 175, 171, 142) *158 Sale To Listing Ratio: 57% (51%, 57%, 52%, 52%) *62% Price Changes: 216 (155, 232, 192, 195) *151 Conditional Sale: 145 (173, 172, 214, 201) *158 Expired/Cancelled/Withdrawn: 68 (145, 68, 41, 59) *138 Total Active Halifax/Dartmouth Inventory: 2,249 (2,174, 2,235, 2,198, 2,119) *1,918 Absorption Rate: *14 (14, 13, 14, 14) *11 Single Family Home Stats Active Single Family Home: 1,205 (1,142, 1,176, 1,168, 1,119) *1,000 Average Single Family Home List Price: $638,021 ($686k, $651k, $637k, $628k) *$631k Average Single Family Home Selling Price: $631,434 ($666k, $644k, $623k, $624k) *$632k Single Family Home Sale to List Ratio This Week: 99% (97%, 99%, 98%, 99%) *100% Median Single Family Home List Price (6 mo):$599,900 ($600k, $600k, $600k, $600k) *600K Median Single Family Home Sold Price(6mo): $590,000 ($590k, $590k, $590k, $590k)*$595k Average Days on Market Single Family Home: 34 (31, 30, 37, 19) *27 Condo Stats Active Condos: 268 (271, 277, 275, 272) *197 Average Condo Listing Price: $418,116 ($376k, $465k, $499k, $510k) *$530k Average Condo Selling Price: $410,733 ($376%. $455k, $492k, $495k) *$513k Condo Sale to List Ratio This Week: 98% (100%, 98%, 99%, 97%) *97% Median Condo List Price (6 mo): $449,900 ($450k, $450k, $450k, $450k) *$450k Median Condo Sold Price (6 mo): $437,500 ($441k, $445k, $445k, $438k) *$440k Average Days on Market Condos 41 (38, 38, 51, 38) *37 Active Vacant Lots: 451 (448, 455, 441, 430) *440 Market Rant The Halifax real estate market found another gear this week, with sales rebounding nicely after a quieter stretch. New listings also climbed, continuing the trend of increased inventory throughout the summer, while buyers remained active enough to keep the overall market moving at a healthy clip. Although inventory reached another yearly high, it hasn't translated into a sluggish market. Homes continue to sell close to their asking price, and the overall absorption rate remains relatively stable. The combination of more listings and consistent buyer activity suggests the market is finding a comfortable equilibrium, where neither buyers nor sellers hold a significant advantage. The single-family home market continues to be the backbone of local real estate activity. More detached homes are available than we've seen in quite some time, yet pricing has remained remarkably consistent. The average sale price settled back in line with recent trends after last week's spike, reinforcing that the previous jump was likely influenced by the types of homes that sold rather than a sudden shift in values. Well-priced homes continue to attract solid interest and are changing hands with very little negotiation. Condominiums also posted a steady week. Average prices recovered from last week's unusually low averages, while median values remained virtually unchanged, highlighting the stability of the segment. Buyers continue to see condos as an attractive option, particularly as affordability remains a key consideration for many entering the market. Overall, this week's numbers reinforce a trend we've been watching for several months: inventory continues to build, but demand has kept pace well enough to maintain pricing stability. It is a healthier, more balanced market than we've experienced in recent years and one that rewards informed decision-making on both sides of the transaction. Timing the market is harder than people think. One question I hear all the time is, "Should I wait until the market changes?" The truth is, most people don't recognize a market shift until months after it has already happened. By the time headlines are announcing that prices are rising or falling, buyers and sellers have usually been reacting to those conditions for quite some time. Trying to perfectly time the market is a bit like trying to buy stocks at the absolute bottom and sell at the absolute top. It sounds great in theory, but very few people consistently get it right. Instead, the better question is: Does buying or selling make sense for my life right now? If you're purchasing a home you'll enjoy for years, short-term fluctuations become much less important. Likewise, if you're selling and buying in the same market, changes in prices often affect both sides of your move. Markets will always rise, cool, and adjust over time. The key isn't predicting every twist and turn—it's making informed decisions based on your own goals while understanding the current market conditions. 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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