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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 262 (249, 270, 261, 319) *218 Sold: 126 (120, 143, 166, 183) *138 Sale To Listing Ratio: 48% (48%, 53%, 64%, 57%) *63% Price Changes: 164 (163, 143, 192, 216) *121 Conditional Sale: 149 (154, 149, 165, 145) *159 Expired/Cancelled/Withdrawn: 130 (56, 68, 72, 68) *59 Total Active Halifax/Dartmouth Inventory: 2,257 (2,272, 2,248, 2,249, 2,261) *1,901 Absorption Rate: *16 (15, 15, 14, 14) *13 Single Family Home Stats Active Single Family Home: 1,219 (1,226, 1,206, 1,210, 1,205) *985 Average Single Family Home List Price: $661,756 ($652k, $636k, $665k, $638k) *$575kk Average Single Family Home Selling Price: $641,545 ($646k, $622k, $654K, $631k) *$552k Single Family Home Sale to List Ratio This Week: 97% (99%, 98%, 98%, 99%) *96% Median Single Family Home List Price (6 mo):$599,900 ($599k, $600k, $600k, $600k) *600K Median Single Family Home Sold Price(6mo): $590,000 ($590k, $591k, $590k, $590k)*$590k Average Days on Market Single Family Home: 39 (30, 36, 32, 34) *29 Condo Stats Active Condos: 266 (268, 270, 268, 269) *204 Average Condo Listing Price: $434,450 ($495k, $484k, $392k, $418k) *$466k Average Condo Selling Price: $422,950 ($481k, $470k, $377k, $411k) *$557k Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 98%) *98% Median Condo List Price (6 mo): $449,900 ($450k, $450k, $450k, $450k) *$448k Median Condo Sold Price (6 mo): $438,950 ($438k, $437k, $438k, $438k) *$435k Average Days on Market Condos 50 (57, 33, 68, 41) *29 Active Vacant Lots: 467 (465, 448, 450, 451) *429 Market Rant For anyone watching the Halifax real estate market, this week felt like more of a continuation than a turning point. Activity remained steady, inventory stayed elevated, and the overall market continued to reward patience over urgency. Buyers still have plenty of choice, while sellers who price and present their homes well are continuing to find success. One noticeable shift was a slight tightening in available inventory after several weeks of steady growth. Although active listings remain well above last year's levels, the small decline suggests that new supply and buyer demand are beginning to find a better balance. With absorption remaining relatively stable, the market continues to favour informed decision making rather than rushed offers or bidding wars. The single-family home segment remained consistent, with average prices staying within the range we've seen over the past several weeks. Homes are still selling very close to their asking prices, a sign that well-priced properties continue to attract motivated buyers. Marketing times increased slightly, reinforcing that buyers are taking a little longer to evaluate their options before making an offer, which is a natural outcome in a market with more selection. The condominium market experienced another week where average prices fluctuated, but the underlying story remains one of stability. Median prices have changed very little over recent months, suggesting that week-to-week swings in averages are more reflective of the types of units selling than any broad change in condo values. Inventory has remained relatively consistent, providing buyers with a healthy selection while keeping the segment active. Overall, the market continues to behave in a predictable and sustainable way. Buyers are benefiting from increased choice, sellers are still achieving strong results when their homes are marketed effectively, and pricing has remained remarkably resilient despite the higher inventory levels. It may not be the frantic pace of recent years, but it's proving to be a much healthier market for everyone involved. The first week on the market still matters most:. There's a common misconception that if a home doesn't sell right away, you can simply reduce the price later and expect the same level of interest. Unfortunately, it rarely works that way. The first week a property hits the market is when it receives the most attention. Buyers who have been waiting for a home like yours will see it immediately, and new listings naturally rise to the top of search results. That's your biggest opportunity to create excitement. If a home is overpriced or poorly presented during that window, it can lose momentum quickly. Even after a price adjustment, buyers often wonder why it didn't sell initially, and the listing may not generate the same buzz it would have had on day one. That's why preparation is everything. Thoughtful pricing, professional marketing, great photography, and having the home ready before it goes live can make all the difference. You only get one first impression in real estate, it's worth making it count. 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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