Halifax Real Estate Reality Check: What July 2025 Tells Us About the Market
The Halifax real estate market has always followed a pattern—and if you’ve been watching closely, you’ve probably felt a shift lately. But is it a true turning point, or just another swing in the cycle?
Let’s break it down!
📊 What the July 2025 Stats Are Saying
Here’s what the latest numbers reveal when we compare July 2025 to previous years:
-
Active Listings: 1,192
That’s up 14% year-over-year and a big jump from the ultra-low inventory we saw back in 2022. More inventory means more choice for buyers—and more competition for sellers. -
Homes Sold (July Only): 501
Just 3 more sales than July 2024. This is a sign of stabilization, not a slowdown. -
Year-to-Date Sales: 3,041
Only a 1.5% increase over last year’s 2,994. The market is steady but not surging. -
Average Days on Market: 29
Up slightly from last year, but still relatively quick—especially compared to pre-2020 averages. -
Months of Inventory: 3
Up from just 2.1 in 2022. We’re not in a buyer’s market yet, but balance is returning. -
Average Sale Price: $593,565
Only $5,600 above last year’s average. Compare that to the $62,000 year-over-year increase we saw in 2022, and it’s clear—price growth is cooling. -
List-to-Sale Price Ratio: 99.7%
We’re settling back into pre-COVID pricing norms. Gone are the days of 103% and up. -
Appreciation Rate: 1%
A big shift from the double-digit spikes we saw a few years ago. But in the long run, 3–4% annual appreciation is healthier and more sustainable for the market and the people in it.
🔁 Seeing the Pattern
Markets are cyclical—always have been, always will be.
We’ve moved out of the post-pandemic frenzy and into a more normalized market. The rapid-fire price gains of 2020–2022 aren’t something we could (or should) sustain long-term. Buyers today are more informed, more cautious, and more value-conscious—and sellers need to adjust expectations accordingly.
If your home isn’t priced accurately, buyers will scroll past. They’re watching, even if they don’t always understand the data. And that’s why smart, strategic pricing matters more than ever.
🧠 Real Talk: Buyer Savvy, Seller Strategy
Buyers are still active—but they’re not rushing. Homes in the $500K–$600K range are moving fastest, while higher-end listings are seeing more selective activity. We’re even seeing properties that failed to sell in the hot market of 2021 now being re-listed at higher prices—with mixed results.
What does that tell us?
Perceived value is everything. A great location or unique features still matter—but if buyers don’t see the value for the price, they’ll wait or walk away.
📈 So, What’s Next?
Expect more of the same in the months ahead. The market is stabilizing. It’s not crashing, but it’s definitely not climbing the way it was.
And that’s not a bad thing.
Sustainable appreciation, more balanced inventory, and less buyer fatigue will create healthier conditions for everyone—from first-time buyers to long-time homeowners thinking of downsizing or making a change.
💬 Let’s Talk About Your Next Move
Staying informed is the first step—making the right move comes next.
Reach out to our experienced team to discuss your real estate goals and how we can help you get there.
📱 902-471-8497
✉️ brendak@brendak.ca
🔗 www.brendak.ca — Browse the MLS or request your free home evaluation today.