Summer Slowdown in Halifax Real Estate?

Is the Halifax Real Estate Market Slowing Down — or Just Taking a Summer Break?

If you’ve noticed things feel a little quiet in the Halifax real estate market lately, you’re not alone. But don’t worry—this isn’t a crash. We’re simply entering the expected seasonal slowdown that happens almost every summer. Let’s break down what the latest stats tell us and what buyers and sellers should really be paying attention to.

📊 June 2025 Market Snapshot

Here’s what the numbers are showing across Halifax and surrounding areas:

Active Listings: 1,187 (up 224 from June 2024)
Homes Sold (June): 553 (up from 533 in June 2024)
Year-to-Date Sales: 2,537 (up slightly from 2,496 last year)
Average Days on Market: 29 (essentially flat year-over-year)
Months of Inventory: Just under 3 months (compared to 2.5 last year)
Average Sale Price: $633,505 (up $38,000+ from last year’s $595,554)
List-to-Sale Price Ratio: 100% (down slightly from 101.6% last year)
Appreciation Rate: 6.3% (versus 1.9% last year)

So while things feel slower, the numbers show that the market is still moving—especially for homes priced under $550,000.

☀️ The Summer Dip Is Real… and Normal

Here’s the thing: June 30 is like Christmas Day for Halifax real estate. It’s the busiest day of the year for closings, and once it passes, things tend to go quiet. The first few weeks of July are typically slow. People head into vacation mode, the weather’s warm, and real estate takes a back seat.

But don’t panic—this lull doesn’t last. Historically, we see the market start to pick back up around mid-to-late August, with a stronger boost in September and October before cooling again in November and December.

🏡 Sellers: Price Matters More Than Ever

Even though prices are up, overpricing is still the number one reason listings sit stagnant. Some sellers are still trying to “test the market,” but this strategy rarely works. I’ve had calls from homeowners frustrated that their listing expired with no offers, only to find they were priced well above recent comps.

The takeaway? The market is active, but realistic pricing is key. In fact, it’s better to be slightly under market value than to overshoot by $50K and hope for the best. Once a number is in a seller’s mind, it’s hard to let go—and that disappointment can be tough when the offers don’t come.

🔍 Buyers: Don’t Assume You Hold All the Cards

There’s a shift in buyer behaviour too. Many are tired—fatigued from competing bids, rising prices, and the emotional rollercoaster of house hunting. But inventory is up, and competition has eased slightly, particularly in higher price points. That creates opportunity.

That said, homes priced right—especially in the $500K–$600K range—are still seeing multiple offers. Just not as many as before. If you’re hoping to buy this fall, now’s the time to get your financing in order and start watching the market closely.

📈 So… Is the Market Slowing?

Not really. We’re just riding the seasonal wave. Prices are still climbing, homes are selling, and serious buyers are still out there. But it’s not the frantic pace we saw in 2022 or early 2023—and that’s a good thing. Balance is better for everyone.

If you’re thinking of making a move this fall—or just curious about what your home is worth—let’s chat. With over 500 videos on our YouTube channel and decades of local experience, our team is here to help you navigate the market with confidence.