(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 606 (654, 665, 590, 533) *592
Sold: 132 (167, 160, 143, 125) *133
Sale To Listing Ratio: 22% (25%, 24%, 24%, 24%) *22%
Listings that went conditional/pending: 186 (176, 150, 174, 150, 162) *159
Expired/Cancelled/Withdrawn: 132 (164, 174, 66, 92) *79
Total Active Halifax/Dartmouth Inventory: 5,486 (5,337, 5,205, 5,095, 4,896) *5,483
Active Single Family Home: 3,718 (3,610, 3,491, 3,402, 3,258) 3,703
Average Single Family Home List Price: $336,712 ($295k, $291k, $294k, $306k) $299k
Average Single Family Home Selling Price: $328,125 ($286k, $284k, $284k) $290k
*Single Family Home Sale to List Ratio This Week: 98% (97%, 96%, 97%, 97%)
Average Days on Market Single Family Home: 120 (110, 100, 112, 116) *97
Active Condos: 563 (556, 463, 557, 534) *553
Average Condo Listing Price: $256,264 ($260k, $257k, $258k, $249k) *$254k
Average Condo Selling Price: $248,002 ($256k, $250k, $250k, $241k) *$244k
*Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 97%)
Average Days on Market Condos: 140 (140, 90, 140, 77) *90
Absorption Rate in weeks: 46 (46, 47, 44, 46)
Active Vacant Lots: 888 (864, 854, 853, 831)
Just by a whisker! Inventory gains this week nosed out the stats from last year at this time claiming top spot on the overall standings, and no signs of slowing are eminent. Much like last week, although high, the inventory additions are being matched by renewed buyer activity in areas of the HRM. Sales where down this week overall, but the continued drawdown of withdrawn/expired/cancelled listings have kept the sales to list ratio from getting out of hand. There seems to be a slow rotation trend in the market, and I think it's been around for the last few years it's just becoming more obvious as of late. The top tier of property, wether it be a good list price or location, are still seeing good performance and luck with buyers. The rest of the majority, however, are still feeling a little jaded with their selling experience and the expectation that their property should have been snapped up within days of market exposure. So with an average sales performance and a higher than average listing "chum", it gives the appearance of "duck market"...cool and calm on the surface gliding forward, but below the water, those little feet are just kicking to get anywhere. Thanks for stopping by!
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