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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 305 (331, 272, 323, 306) *265 Sold: 175 (171, 142, 179, 151) *159 Sale To Listing Ratio: 57% (52%, 52%, 55%, 49%) *60% Price Changes: 232 (192, 195, 188, 169) *154 Conditional Sale: 172 (214, 201, 179, 178) *178 Expired/Cancelled/Withdrawn: 68 (41, 59, 107, 40) *63 Total Active Halifax/Dartmouth Inventory: 2,235 (2,198, 2,119, 2,145, 2,125) *1,962 Absorption Rate: *13 (14, 14, 14, 15) *12 Single Family Home Stats Active Single Family Home: 1,176 (1,168, 1,119, 1,137, 1,117) *1,017 Average Single Family Home List Price: $651,430 ($637k, $628k, $625k, $620k) *$661k Average Single Family Home Selling Price: $644,096 ($623k, $624k, $621k, $613k) *$655k Single Family Home Sale to List Ratio This Week: 99% (98%, 99%, 99%, 99%) *99% 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, $587k)*$598k Average Days on Market Single Family Home: 30 (37, 19, 30, 25) *25 Condo Stats Active Condos: 277 (275, 272, 270, 268) *196 Average Condo Listing Price: $464,678 ($499k, $510k, $523k, $485k) *$507k Average Condo Selling Price: $455,359 ($492k, $495k, $509k, $463k) *$508k Condo Sale to List Ratio This Week: 98% (99%, 97%, 97%, 96%) *100% Median Condo List Price (6 mo): $449,900 ($450k, $450k, $450k, $449k) *$450k Median Condo Sold Price (6 mo): $445,000 ($445k, $438k, $437k, $436k) *$440k Average Days on Market Condos 38 (51, 38, 41, 55) *30 Active Vacant Lots: 455 (441, 430, 431, 427) *457 Market Rant The real estate market across Halifax continued its summer trend of strong activity paired with growing inventory. New listings remained elevated, helping push the number of available properties to another new high for the year. Buyers now have more choice than they've had in quite some time, yet the market continues to demonstrate impressive resilience. Sales activity improved slightly from the previous week, and homes continued to trade at very strong sale-to-list ratios. While inventory levels have expanded significantly compared to last year, buyers are clearly still stepping forward when they find properties that meet their needs and represent good value. The single-family home segment remained particularly stable. Average prices moved higher this week, homes sold very close to asking price, and days on market remained relatively low considering the amount of available inventory. The detached housing market continues to show that demand remains healthy, especially for well-maintained homes in desirable neighbourhoods. The condo market saw a slight softening in average prices this week, but the overall picture remains positive. Median prices continue to hold steady, properties are selling within a reasonable timeframe, and the segment remains an important option for buyers seeking affordability relative to the detached market. One of the most notable trends continues to be the relationship between supply and demand. Inventory has been climbing steadily for months, yet absorption rates remain relatively healthy. That combination is helping create a more balanced marketplace—one where buyers have options, but sellers who price and market their homes effectively can still achieve excellent results. This week's topic: the danger of watching headlines instead of the market. Every week I speak with buyers and sellers who are trying to interpret what the market is doing based on a single headline, a social media post, or a national news story. The problem is that real estate is intensely local. A headline about declining sales in another province doesn't necessarily tell us what's happening in Halifax. A story about rising inventory across Canada doesn't explain whether homes in your neighbourhood are selling quickly or sitting on the market. The reality is that our local market is rarely as dramatic as the headlines suggest. Most of the time, it's a story of gradual shifts rather than sudden changes. Inventory builds slowly. Buyer confidence improves or weakens over time. Pricing trends develop over months, not days. That's why understanding the local data matters so much. The buyers and sellers who make the best decisions are usually the ones focused on what's happening in their neighbourhood, their price range, and their property type—not what a headline from across the country is predicting. Real estate isn't a national market. It's thousands of local markets happening at the same time. Looking Ahead As we move further into the summer season, it will be interesting to see whether inventory continues its upward climb or begins to level off. For now, the market remains active, balanced, and full of opportunity for both buyers and sellers who approach it with realistic expectations and a solid game plan. 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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