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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 331 (272, 323, 306, 292) *316 Sold: 171 (142, 179, 151, 135) *171 Sale To Listing Ratio: 52% (52%, 55%, 49%, 46%) *54% Price Changes: 192 (195, 188, 169, 173) *151 Conditional Sale: 214 (201, 179, 178, 177) *203 Expired/Cancelled/Withdrawn: 41 (59, 107, 40, 45) *44 Total Active Halifax/Dartmouth Inventory: 2,198 (2,119, 2,145, 2,125, 2,081) *1,971 Absorption Rate: *14 (14, 14, 15, 16) *12 Single Family Home Stats Active Single Family Home: 1,168 (1,119, 1,137, 1,117, 1,099) *1,020 Average Single Family Home List Price: $636,456 ($628k, $625k, $620k, $693k) *$658k Average Single Family Home Selling Price: $622,958 ($624k, $621k, $613k, $688k) *$635k Single Family Home Sale to List Ratio This Week: 98% (99%, 99%, 99%, 99%) *99% Median Single Family Home List Price (6 mo):$599,700 ($600k, $600k, $600k, $600k) *600K Median Single Family Home Sold Price(6mo): $590,000 ($590k, $590k, $587k, $587k)*$596k Average Days on Market Single Family Home: 37 (19, 30, 25, 33) *20 Condo Stats Active Condos: 275 (272, 270, 268, 260) *186 Average Condo Listing Price: $498,500 ($510k, $523k, $485k, $430k) *$490k Average Condo Selling Price: $492,061 ($495k, $509k, $463k, $422k) *$488k Condo Sale to List Ratio This Week: 99% (97%, 97%, 96%, 98%) *99% Median Condo List Price (6 mo): $449,900 ($450k, $450k, $449k, $447k) *$450k Median Condo Sold Price (6 mo): $445,000 ($438k, $437k, $436k, $431k) *$443k Average Days on Market Condos 51 (38, 41, 55, 26) *25 Active Vacant Lots: 441 (430, 431, 427, 408) *471 Market Rant The summer market across Halifax continued to show plenty of activity this week, with a noticeable surge in new listings helping push inventory to another new high for the year. Sellers remain eager to bring properties to market, while buyers continue to take advantage of the increased selection available across nearly every property type. Sales activity rebounded this week, matching levels seen during the same period last year and providing further evidence that demand remains healthy despite the growing inventory. Conditional sales also reached one of the strongest levels we've seen in recent weeks, suggesting many buyers are finding opportunities and moving forward with confidence. The single-family home market remained steady overall. Inventory continued to build, giving buyers more options to choose from, while prices remained relatively consistent. Homes are still selling close to asking price, although buyers appear willing to take a little more time evaluating properties before making a decision. This is creating a market where preparation, presentation, and pricing are becoming increasingly important for sellers. Condominiums continued to perform well, with prices holding firm and sale-to-list ratios remaining strong. While condos spent a bit longer on the market compared to last year, the segment continues to benefit from buyers seeking a more attainable entry point into homeownership. The broader story remains largely unchanged: inventory is growing, buyer activity remains healthy, and the market is gradually settling into a more balanced environment. While conditions are no longer as competitive as they were during the height of the pandemic market, properly priced homes continue to attract attention and successful sales. One of the most interesting developments this year has been the return of choice. For years, many buyers felt like they were shopping in a store with half-empty shelves. If something came available, you had to act quickly because there was a good chance it would be gone tomorrow. Today, the experience is very different. Buyers can compare properties, revisit homes, think through decisions, and negotiate when appropriate. That doesn't mean buyers have all the leverage—far from it—but it does mean the market is functioning more like a traditional real estate market. For sellers, this shift requires a different mindset. Success is no longer simply about being available when demand is high. It's about creating value, presenting a property well, and understanding where it fits within a growing pool of competing listings. In many ways, the return of choice is good news for everyone. Buyers can make more informed decisions, and sellers who prepare properly can still achieve excellent results. That's what a healthy market is supposed to look like. 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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