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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 242 (305, 331, 272, 323) *257 Sold: 124 (175, 171, 142, 179) *158 Sale To Listing Ratio: 51% (57%, 52%, 52%, 55%) *62% Price Changes: 155 (232, 192, 195, 188) *151 Conditional Sale: 173 (172, 214, 201, 179) *158 Expired/Cancelled/Withdrawn: 145 (68, 41, 59, 107) *138 Total Active Halifax/Dartmouth Inventory: 2,174 (2,235, 2,198, 2,119, 2,145) *1,918 Absorption Rate: *14 (13, 14, 14, 14) *11 Single Family Home Stats Active Single Family Home: 1,142 (1,176, 1,168, 1,119, 1,137) *1,000 Average Single Family Home List Price: $685,479 ($651k, $637k, $628k, $625k) *$631k Average Single Family Home Selling Price: $665,795 ($644k, $623k, $624k, $621k) *$632k Single Family Home Sale to List Ratio This Week: 97% (99%, 98%, 99%, 99%) *100% Median Single Family Home List Price (6 mo):$599,900 ($600k, $600k, $600k, $600k) *600K Median Single Family Home Sold Price(6mo): $590,000 ($590k, $590k, $590k, $590k)*$595k Average Days on Market Single Family Home: 31 (30, 37, 19, 30) *27 Condo Stats Active Condos: 271 (277, 275, 272, 270) *197 Average Condo Listing Price: $375,656 ($465k, $499k, $510k, $523k) *$530k Average Condo Selling Price: $376,260 ($455k, $492k, $495k, $509k) *$513k Condo Sale to List Ratio This Week: 101% (98%, 99%, 97%, 97%) *97% Median Condo List Price (6 mo): $449,900 ($450k, $450k, $450k, $450k) *$450k Median Condo Sold Price (6 mo): $441,250 ($445k, $445k, $438k, $437k) *$440k Average Days on Market Condos 38 (38, 51, 38, 41) *37 Active Vacant Lots: 448 (455, 441, 430, 431) *440 Market Rant The Halifax real estate market shifted into a slightly quieter gear this week, which isn't unusual as we move through the latter part of the summer. Fewer new listings came to market compared to recent weeks, and overall sales activity eased as well. Even with the slower pace, inventory remains elevated, giving buyers one of the widest selections they've had in several years. An encouraging sign was the continued strength in conditional sales. While fewer transactions officially closed this week, buyers are still writing offers and moving through the purchase process, suggesting that demand remains present beneath the surface. Many purchasers appear to be taking a more measured approach, carefully evaluating their options before committing. The single-family home market remained resilient. Average prices climbed this week, reflecting continued strength in higher-priced sales, while homes continued to sell close to their asking price. Marketing times remained relatively consistent, reinforcing the idea that desirable, well-priced properties are still attracting attention despite increased competition from other listings. The condo market told a slightly different story. Average sale prices were pulled lower this week, likely influenced by the mix of units that sold rather than an overall decline in condo values. In fact, condos achieved sale prices at or above asking on average, highlighting that well-priced units continue to generate strong buyer interest. With median pricing remaining steady over the longer term, this week's averages appear to reflect market composition more than a change in direction. Overall, the market continues to settle into a balanced environment. Buyers have the luxury of choice, sellers still have opportunities to achieve strong results, and success increasingly depends on thoughtful pricing, effective marketing, and understanding current market conditions rather than relying on past trends. Don't let averages tell the whole story. Every week, I see people react to average sale prices as if they tell the complete story of the market. The reality is that averages can swing dramatically from one week to the next simply because of *what* happened to sell. If several luxury homes close in one week, the average jumps. If more starter homes or smaller condos sell the following week, the average falls. That doesn't necessarily mean property values have increased or decreased overnight—it often just reflects the mix of homes changing from week to week. That's why I always encourage people to look beyond a single headline number. Median prices, sale-to-list ratios, inventory levels, days on market, and overall buyer activity often paint a much clearer picture than averages alone. Real estate isn't measured by one statistic. It's the combination of many indicators that tells us where the market is heading. Stay tuned to the blog to stay on top of the changing market, and thanks for stopping by! The Weekly "Adogtable" http://www.goodbonesdogrescue.com/available-dogs22.html 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 HEREThe Weekly "Adogtable" 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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