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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 306 (292, 318, 218, 294) *292 Sold: 151 (135, 172, 98, 124) *158 Sale To Listing Ratio: 49% (46%, 54%, 45%, 42%) *54% Price Changes: 169 (173, 183, 105, 189) *153 Conditional Sale: 178 (177, 188, 124, 162) *203 Expired/Cancelled/Withdrawn: 40 (45, 48, 59, 42) *37 Total Active Halifax/Dartmouth Inventory: 2,125 (2,081, 2,036, 1,983, 1,905) *1,864 Absorption Rate: *15 (16, 15, 16, 16) *13 Single Family Home Stats Active Single Family Home: 1,117 (1,099, 1,067, 1,031, 1,001) *947 Average Single Family Home List Price: $620,004 ($693k, $635k, $642k, $726k) *$666k Average Single Family Home Selling Price: $612,501 ($688k, $628k, $636k, $714k) *$658k Single Family Home Sale to List Ratio This Week: 99% (99%, 99% 99%, 98%) *99% Median Single Family Home List Price (6 mo):$599,000 ($600k, $595k, $590k, $595k) *$599K Median Single Family Home Sold Price(6mo): $587,050 ($587k, $585k, $583k, $585k)*$590k Average Days on Market Single Family Home: 25 (33, 33, 34, 36) *24 Condo Stats Active Condos: 268 (260, 255, 245, 239) *172 Average Condo Listing Price: $484,900 ($430k, $471k, $530k, $453k) *$494k Average Condo Selling Price: $463,125 ($422k, $458k, $516k, $451k) *$491k Condo Sale to List Ratio This Week: 96% (98%, 97%, 97%, 99%) *99% Median Condo List Price (6 mo): $449,250 ($447k, $445k, $450k, $448k) *$449k Median Condo Sold Price (6 mo): $435,500 ($431k, $430k, $436k, $430k) *$435k Average Days on Market Condos 55 (26, 45, 52, 22) *26 Active Vacant Lots: 427 (408, 408, 401, 382) *472 Market Rant The market across Halifax stayed active this week as inventory continued its steady upward climb heading deeper into the spring market. More listings continue to enter the market across all property types, giving buyers increased selection and creating a more competitive environment for sellers than we’ve seen over the last few years. Sales activity improved from the previous week, showing that demand is still very much present despite the growing supply of homes available. Buyers appear to be moving with a little more confidence again, although they are still taking a careful and selective approach as they navigate a market with far more options than earlier in the season. The single-family home segment saw pricing settle back this week after several stronger weeks, but homes continued to sell very close to asking price and moved faster overall. Well-prepared homes in desirable locations are still attracting strong interest, especially when priced appropriately from the start. The condo market experienced a rebound in pricing this week, although units spent more time on the market compared to recent weeks. Even so, demand remains healthy overall, with condos continuing to appeal to buyers looking for affordability, convenience, and lower-maintenance living options. One of the clearest themes this spring continues to be the steady rise in inventory. While the market remains active, conditions are gradually becoming more balanced, giving buyers more flexibility while encouraging sellers to focus on presentation, strategy, and realistic pricing expectations. One thing becoming increasingly noticeable this spring is the growing gap between seller expectations and buyer behaviour. Many homeowners are still pricing based on the peak frenzy of previous years, while buyers are approaching the market with far more patience and comparison shopping. With inventory continuing to build week after week, buyers now have the ability to wait, negotiate, and move on from properties that feel overpriced or underprepared. The homes that are standing out right now are the ones that hit the market clean, well-marketed, and priced appropriately from day one. In today’s market, strategy matters more than optimism. 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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