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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 233 (159, 124, 181, 192) *259 Sold: 115 (89, 93, 95, 97) *109 Sale To Listing Ratio: 49% (56%, 75%, 53%, 50%) *42% Price Changes: 73 (53, 63, 64, 54) *80 Conditional Sale: 110 (114, 79, 102, 107) *131 Expired/Cancelled/Withdrawn: 46 (38, 31, 41, 92) *34 Total Active Halifax/Dartmouth Inventory: 1,509 (1,473, 1,470, 1,468, 1,435) *1,511 Absorption Rate: *17 (16, 17, 18, 20) *14 Single Family Home Stats Active Single Family Home: 682 (674, 664, 662, 663) *698 Average Single Family Home List Price: $645,939 ( $657k, $610k, $665k, $623k) *$644k Average Single Family Home Selling Price: $639,595 ($643k, $605k, $654k, $617k) *$639k Single Family Home Sale to List Ratio This Week: 99% (98%, 99%, 98%, 99%) *99% Median Single Family Home List Price (6 mo):$584,900 ($560k, $580k, $580k, $580k) *$570K Median Single Family Home Sold Price(6 mo):$575,000 ($572k, $570k, $570k, $571k)*$570k Average Days on Market Single Family Home: 41 (65, 43, 59, 45) *34 Condo Stats Active Condos: 209 (184, 187, 191, 181) *153 Average Condo Listing Price: $461,687 ($470k, $440k, $460k, $472k) *$452k Average Condo Selling Price: $453,281 ($460k, $420k, $452k, $461k) *$447k Condo Sale to List Ratio This Week: 98% (98%, 96%, 98%, 98%) *99% Median Condo List Price (6 mo): $437,400 (440k, $435k, $440k, $440k) *$440k Median Condo Sold Price (6 mo): $429,900 ($430k, $429k, $430k, $430k) *$432k Average Days on Market Condos 68 (34, 53, 41, 76) *18 Active Vacant Lots: 355 (352, 360, 359, 357) *406 Market Rant The Halifax real estate market saw a noticeable increase in new listings this week, bringing a welcome boost to overall inventory levels. Sales activity remained steady, indicating that buyer demand continues to absorb much of the new supply coming to market...for now. Inventory levels are now approaching where they were at this time last year, suggesting the market is gradually moving toward a more balanced environment compared to the tighter conditions seen previously. In the single-family home segment, prices continue to hold relatively steady with homes still selling close to their asking prices. Marketing times improved compared to some of the previous weeks, which suggests buyers remain active when well-priced properties become available. The condominium market also saw an increase in available listings, giving buyers more selection than in recent weeks. Even with the added inventory, condos are still generally trading close to their list prices, reflecting ongoing demand in that segment. Overall, the market continues to show steady activity with increasing inventory and consistent buyer interest, helping conditions gradually move toward a healthier balance between supply and demand. 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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