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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 293 (269, 183, 233, 159) *273 Sold: 111 (114, 92, 115, 89) *140 Sale To Listing Ratio: 38% (42%, 49%, 49%, 56%) *51% Price Changes: 95 (90, 58, 73, 53) *115 Conditional Sale: 129 (143, 122, 110, 114) *178 Expired/Cancelled/Withdrawn: 108 (39, 38, 46, 38) *93 Total Active Halifax/Dartmouth Inventory: 1,623 (1,585, 1,528, 1,509, 1,473) *1,557 Absorption Rate: *15 (16, 16, 17, 16) *13 Single Family Home Stats Active Single Family Home: 784 (740, 700, 682, 674) *733 Average Single Family Home List Price: $672,823 ($690k, $661k, $646k, $657k) *$653k Average Single Family Home Selling Price: $668,231($678k, $657k, $640k, $643k) *$647k Single Family Home Sale to List Ratio This Week: 99% (98%, 99%, 99%, 98%) *99% Median Single Family Home List Price (6 mo):$589,900 ($589k, $585k, $585k, $560k) *$575K Median Single Family Home Sold Price(6 mo):$579,900 ($578k, $575k, $575k, $572k)*$570k Average Days on Market Single Family Home: 39 (49, 60, 41, 65) *44 Condo Stats Active Condos: 223 (212, 204, 209, 184) *159 Average Condo Listing Price: $464,744 ($440k, $425k, $462k, $470k) *$479k Average Condo Selling Price: $458,805 ($429k, $418k, $453k, $460k) *$485k Condo Sale to List Ratio This Week: 99% (97%, 98%, 98%, 98%) *101% Median Condo List Price (6 mo): $439,900 ($435k, $440k, $437k, 440k) *$443k Median Condo Sold Price (6 mo): $429,900 ($427k, $430k, $430k, $430k) *$442k Average Days on Market Condos 27 (39, 68, 68, 34) *47 Active Vacant Lots: 349 (362, 358, 355, 352) *433 Market Rant The Halifax real estate market saw another surge in new listings this week, with a noticeable jump in inventory across the board. While sales remained steady, they didn’t quite keep pace with the influx of new supply, continuing the trend of a market gradually shifting toward more balanced conditions. Inventory has now reached one of its higher points in recent months, giving buyers more options and a bit more time to make decisions. This increased selection is beginning to influence how quickly homes are moving, even as overall demand remains present. In the single-family home segment, pricing held firm with homes continuing to sell close to their asking prices. A drop in days on market suggests that well-positioned properties are still attracting strong interest, even as buyers become more selective. The condominium market showed a notable improvement in activity this week. Listings moved more quickly and pricing strengthened, with units continuing to trade very close to list price. This points to renewed confidence and demand within the condo segment. Overall, the market is showing healthy activity with growing inventory and steady demand, creating a more balanced environment where both buyers and sellers have opportunities. The Spring market is just ramping up, so stay tuned to the blog to stay on top of the changing market, and thanks for stopping by! Latest Blog post HERE 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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