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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 272 (323, 306, 292, 318) *324 Sold: 142 (179, 151, 135, 172) *186 Sale To Listing Ratio: 52% (55%, 49%, 46%, 54%) *57% Price Changes: 195 (188, 169, 173, 183) *164 Conditional Sale: 201 (179, 178, 177, 188) *190 Expired/Cancelled/Withdrawn: 59 (107, 40, 45, 48) *56 Total Active Halifax/Dartmouth Inventory: 2,119 (2,145, 2,125, 2,081, 2,036) *1,932 Absorption Rate: *14 (14, 15, 16, 15) *12 Single Family Home Stats Active Single Family Home: 1,119 (1,137, 1,117, 1,099, 1,067) *982 Average Single Family Home List Price: $628,259 ($625k, $620k, $693k, $635k) *$634k Average Single Family Home Selling Price: $623,612 ($621k, $613k, $688k, $628k) *$635k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99%, 99%) *101% Median Single Family Home List Price (6 mo):$599,900 ($600k, $600k, $600k, $595k) *600K Median Single Family Home Sold Price(6mo): $590,000 ($590k, $587k, $587k, $585k)*$595k Average Days on Market Single Family Home: 19 (30, 25, 33, 33) *29 Condo Stats Active Condos: 272 (270, 268, 260, 255) *187 Average Condo Listing Price: $509,900 ($523k, $485k, $430k, $471k) *$473k Average Condo Selling Price: $495,000 ($509k, $463k, $422k, $458k) *$466k Condo Sale to List Ratio This Week: 97% (97%, 96%, 98%, 97%) *98% Median Condo List Price (6 mo): $449,700 ($450k, $449k, $447k, $445k) *$449k Median Condo Sold Price (6 mo): $437,500 ($437k, $436k, $431k, $430k) *$438k Average Days on Market Condos 38 (41, 55, 26, 45) *64 Active Vacant Lots: 430 (431, 427, 408, 408) *474 Market Rant The market across Halifax showed another week of healthy activity, with buyers and sellers continuing to engage despite the growing inventory landscape. While the number of new listings eased slightly from the previous week, there remains a substantial selection of properties available, offering buyers plenty of opportunities across a variety of price points and property types. One encouraging sign this week was the increase in conditional sales, suggesting that many buyers who have been watching from the sidelines are continuing to make moves. Although completed sales softened compared to the previous week, pending activity points to a market that remains active and engaged heading into the heart of the summer season. The single-family home segment continues to demonstrate remarkable stability. Homes are selling close to asking price, median values remain firm, and properties moved notably faster this week than they have in recent months. This combination suggests that well-priced homes are still attracting strong attention despite the increased competition among sellers. The condominium market also remained steady. Inventory has continued to build, giving buyers more choice, while pricing has remained relatively consistent. Condos are still proving to be an attractive option for first-time buyers, downsizers, and investors looking for alternatives to the detached housing market. Overall, the market feels increasingly balanced. Buyers have more options than they've had in years, yet demand remains strong enough to support steady pricing and healthy transaction levels. It's a far different environment from the frenzied conditions of the past, but one that offers opportunities for both buyers and sellers who approach the market with the right strategy. There's a common misconception that more inventory automatically means a weak market. In reality, a growing inventory can be one of the healthiest signs for a real estate market. For several years, buyers were forced to make decisions quickly, often with limited selection and significant competition. Today, buyers can compare properties, visit multiple homes, and make decisions with a little more confidence. That's not a sign of weakness—it's a sign of a market returning to normal. The challenge is that some market headlines focus exclusively on inventory growth without considering the bigger picture. Inventory can rise while prices remain stable. Inventory can rise while homes continue to sell quickly. Inventory can rise while demand remains healthy. What matters is the relationship between supply and demand, and right now both sides of the equation remain active. More choice doesn't necessarily mean less value—it simply means a healthier marketplace where buyers and sellers can make better-informed decisions. 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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