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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 323 (306, 292, 318, 218) *287 Sold: 179 (151, 135, 172, 98) *157 Sale To Listing Ratio: 55% (49%, 46%, 54%, 45%) *55% Price Changes: 188 (169, 173, 183, 105) *145 Conditional Sale: 179 (178, 177, 188, 124) *180 Expired/Cancelled/Withdrawn: 107 (40, 45, 48, 59) *100 Total Active Halifax/Dartmouth Inventory: 2,145 (2,125, 2,081, 2,036, 1,983) *1,873 Absorption Rate: *14 (15, 16, 15, 16) *12 Single Family Home Stats Active Single Family Home: 1,137 (1,117, 1,099, 1,067, 1,031) *939 Average Single Family Home List Price: $624,900 ($620k, $693k, $635k, $642k) *$641k Average Single Family Home Selling Price: $620,842 ($613k, $688k, $628k, $636k) *$643k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99% 99%) *101% Median Single Family Home List Price (6 mo):$599,000 ($600k, $600k, $595k, $590k) *600K Median Single Family Home Sold Price(6mo): $590,000 ($587k, $587k, $585k, $583k)*$592k Average Days on Market Single Family Home: 30 (25, 33, 33, 34) *31 Condo Stats Active Condos: 270 (268, 260, 255, 245) *178 Average Condo Listing Price: $522,711 ($485k, $430k, $471k, $530k) *$495k Average Condo Selling Price: $509,047 ($463k, $422k, $458k, $516k) *$478k Condo Sale to List Ratio This Week: 97% (96%, 98%, 97%, 97%) *97% Median Condo List Price (6 mo): $449,900 ($449k, $447k, $445k, $450k) *$450k Median Condo Sold Price (6 mo): $437,250 ($436k, $431k, $430k, $436k) *$440k Average Days on Market Condos 41 (55, 26, 45, 52) *66 Active Vacant Lots: 431 (427, 408, 408, 401) *468 Market Rant The market across Halifax continued to show signs of a healthy and active spring season this week. New listings remained strong, bringing even more choice to the market and pushing overall inventory to its highest level in quite some time. For buyers, that means more opportunities and less pressure to make rushed decisions. For sellers, it means standing out has never been more important. Despite the growing supply of homes, buyer activity remained impressive. Sales increased from the previous week and conditional sales stayed steady, indicating that many buyers are still actively shopping and making decisions when the right property comes along. The market may be offering more selection, but demand hasn't disappeared—it has simply become more selective. The single-family home segment remained remarkably stable. Prices held steady, homes continued to sell very close to asking price, and properties were changing hands in a reasonable timeframe. This consistency has been one of the defining characteristics of the market so far this year, even as inventory continues to grow. The condo market posted a particularly strong week, with both listing and selling prices moving higher. At the same time, condos sold more quickly than they did a year ago, suggesting buyers remain attracted to the lifestyle and affordability benefits that condominium ownership can provide. A trend that's becoming harder to ignore is the number of price adjustments taking place across the market. Price changes have remained elevated for weeks, and that's often a sign that some sellers are still chasing yesterday's market rather than responding to today's reality. The challenge is that buyers have options now. Lots of them. When inventory was tight, an ambitious asking price could sometimes be forgiven because there were few alternatives available. Today, buyers can compare dozens of similar properties before deciding where to spend their money. If a home is priced too aggressively, buyers simply move on to the next listing. The homes generating the most activity are rarely the cheapest—they're the ones that represent the best value. Sellers who understand that distinction are often the ones securing showings, offers, and successful sales while others are left wondering why traffic has slowed. In a market with growing inventory, pricing isn't just a number—it's a marketing strategy. 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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