(Previous weeks numbers in brackets)
New Listings: 208 (232, 273, 252, 304)
Sold: 70 (81, 90, 110, 89)
Sale To Listing Ratio: 34% (35%, 33%, 44%, 29%)
Listings that went conditional/pending: 67 (85, 90, 85, 122)
Expired/Cancelled/Withdrawn: 210 (150, 340, 133, 140)
Total Active Halifax/Dartmouth Inventory: 4,573 (4,749, 4,840, 5,074, 5,165)
Active Single Family Home: 2,928 (3,037, 3,117, 3,292, 3,371)
Average Single Family Home List Price: $300,497 ($283k, $273k, $294k, $269k)
Average Single Family Home Selling Price: $292,415 ($270k, $283k, $257k)
*Single Family Home Sale to List Ratio This Week: 97% (96%, 96%, 96%, 95%)
Average Days on Market Single Family Home: 122 (162, 118, 116, 103)
Active Condos: 421 (442, 440, 458, 469)
Average Condo Listing Price: $240,827 ($247k, $261k, $250k, $266k)
Average Condo Selling Price: $231,718 ($235k, $253k, $241k, $256k)
*Condo Sale to List Ratio This Week: 96% (95%, 97%, 96%, 97%)
Average Days on Market Condos: 134 (134, 153, 175, 126)
Absorption Rate in weeks: 52 (51, 60, 51, 54)
Active Vacant Lots: 941 (973, 983, 1,007, 1,006)
As we head to the slowest time of year, I'm not really surprised at any statistics this week. Inventory continues to vacate the market, and buying activity has slowed to a crawl. Values are still holding onto their respective averages for the year, and days on market are a little brutal around this time pushing four months on average. With Christmas just around the corner buyers are out there in full force, just looking for gifts instead of homes. Maybe spending that time to go for a skate at the oval, a walk around the local parks, or visiting with family. Either way, this downward trend will continue until the end of the year and reset, for what we hope to be a banner year in the new year. There is a few positive market indicator rumours floating around right now, and if they turn out, it will indeed be an interesting year next year. Be sure to tune into the blog to follow the market every step of the way!
Be sure to stop in to the blog for the November stats wrap up in the next few days, where I will sign off for the remaining days of the year!
My name is Reuban, and I could really use someone to snuggle up to on xmas.
Valley bull/Boxer mix
DOB- nov 15/09
Reuban is a beautiful boy who gets along with kids, and cats. He is good with some dogs, but tends to be dominant, so might be best placed without other dogs. He is housebroken, well behaved and knows basic obedience commands.
This "needy ned" is available through LILLIAN ALLBON ANIMAL SHELTER a non profit rescue organization from Halifax, Nova Scotia. More info about her, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.
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The ViewPoint Realty map
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