Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 261 (287, 334, 272, 260) *240 Sold: 165 (166, 198, 138, 168) *170 Sale To Listing Ratio: 63% (58%, 59%, 51%, 65%) *71% Price Changes: 139 (150, 134, 88, 102) *94 Conditional Sale: 200 (181, 204, 187, 181) *175 Expired/Cancelled/Withdrawn: 42 (49, 58, 75, 28) *34 Total Active Halifax/Dartmouth Inventory: 1,738 (1,761, 1,722, 1,670, 1,658) *1,389 Absorption Rate: 10 (11, 10, 11, 11) *8 Single Family Home Stats Active Single Family Home: 871 (896, 873, 837, 810) *673 Average Single Family Home List Price: $571,452 ($582k, $624k, $633k, $614k) *$598k Average Single Family Home Selling Price: $577,256 ($589k, $622k, $640k, $622k) *$604k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $565,000 ($565k,$565k,$560k,$550k) *$530k Median Single Family Home Sold Price(6 mo):$568,000 ($568k,$565k,$560k,$560k)*$536k Average Days on Market Single Family Home: 24 (27, 32, 25, 28) *25 Condo Stats Active Condos: 128 (136, 139, 130, 134) *115 Average Condo Listing Price: $660,347 ($504k, $476k, $441k, $451k) *$534kk Average Condo Selling Price: $648,255 ($498k, $482k, $443k, $450k) *$541kk Condo Sale to List Ratio This Week: 98% (99%, 101%, 101%, 99%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $435k) *$430k Median Condo Sold Price (6 mo): $439,950 ($435k, $435k, $435k, $430k) *$428k Average Days on Market Condos: 63 (38, 13, 26, 14) *19 Active Vacant Lots: 527 (518, 510, 499, 508) *424 Market Rant The Halifax real estate market is displaying a blend of stability and fluctuation. New listings and sales remain relatively steady, though there is a noticeable decrease compared to the peak activity seen a few weeks ago. The sale to listing ratio has decreased, suggesting a more competitive environment between supply and demand. Price changes are still frequent, reflecting a dynamic market environment. Inventory levels remain high, providing ample options for buyers, although the absorption rate has stabilized. Single-family homes show a slight decline in average prices, but median prices remain strong, indicating steady demand. Homes are selling quicker than last week but at a similar pace to last year. The condo market is experiencing a notable increase in average prices, though the time to sell has significantly lengthened, suggesting that higher-priced listings might be taking longer to find buyers. Overall, the market appears stable, with strong activity in certain segments and potential for continued interest as the summer progresses. Monitoring price trends and inventory levels will be crucial in the coming weeks to understand the full impact on the Halifax real estate market. Stay tuned to the Halifax Real Estate Blog for the latest updates! 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. Newest 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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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