If you’ve been listening to conversations around Halifax lately, you’ve likely heard a lot of conflicting opinions about the real estate market. Some people insist the market is slowing. Others say it’s on the verge of crashing. And plenty of people have something to say — but are any of them right?
This month, we’re taking a clear, grounded look at the real numbers to understand what’s actually happening in Halifax real estate. And, just for a bit of fun, here’s a quick pop quiz near the end to test your market instincts.
Pop Quiz: What Really Drives the Halifax Real Estate Market?
Is it:
A) Selling price
B) Days on market
C) Inventory levels
Active Listings: Rising Inventory Doesn’t Mean a Crash
Active listings climbed to 1,312 this month. That’s up from 1,205 last year and significantly higher than 977 in 2023 and 775 in 2022.
Increasing inventory often sparks concern, but more listings don’t signal a crashing market. In Halifax’s case, they point to a healthier, more balanced pace after several intense years of historically low supply.
In other words: this isn’t a downturn — it’s normalization.
Sales Remain Steady and Consistent
Despite the chatter, sales numbers tell a calm and steady story. Halifax recorded 458 sales this month, almost identical to last year’s 454. Year to date, sales sit at 4,353, just slightly ahead of 2024.
Buyers haven’t disappeared. They’re simply behaving more thoughtfully than they did during the peak pandemic years.
Days on Market: The Metric to Watch
One of the most important shifts this year is the rise in days on market. Homes are now taking an average of 38 days to sell, compared to 32 last year and 29 in 2022.
Are days on market the biggest indicator of where the market is heading? Many professionals would say yes — and for good reason. This metric often reveals subtle shifts long before pricing starts to reflect them.
Higher days on market suggest momentum is easing slightly. Not dramatically, but enough to indicate a move toward balance.
Pricing: Steady, Sustainable Growth
The average home price in Halifax currently sits at $613,481, up from $590,215 last year. This is not rapid, pandemic-style price acceleration. It’s steady, sustainable appreciation.
For both buyers and sellers, this kind of growth is reassuring. It reflects a stable market supported by genuine demand rather than speculation.
List-to-Sell Ratio: What the Numbers Don’t Show
The list-to-sell ratio sits at 98.2 percent. On the surface, that looks strong — and it is. But this metric can be misleading when viewed without context.
There were 412 price reductions this month. That tells a different story. When a $450,000 home is reduced by $25,000, the list-to-sell ratio on the new price doesn’t reveal the buyer’s mindset or the seller’s initial expectations.
Instead, it reflects a market adjusting to more realistic pricing.
This is why relying on list-to-sell ratios alone can paint an incomplete picture.
If you guessed B on our pop quiz earlier — days on market, you’re right!
This metric often signals market direction before anything else, and right now it suggests Halifax is still technically in a seller’s market, but momentum is gradually shifting. Balance is on the horizon.
Final Thoughts
Halifax real estate remains steady, stable, and active. The rumours of dramatic slowdown or market collapse simply aren’t supported by the numbers. What we’re seeing is a natural, healthy shift toward balance — nothing more, nothing less.
Whether you’re buying, selling, or investing, understanding what the numbers truly mean can help you make informed choices in a market that’s finding its balance. Halifax real estate continues to move at a steady, sustainable pace, and the right strategy can make all the difference.
📱 Ready to talk about your next move? Reach out to our team today — we’d love to chat about your goals and help you make the most of today’s market. Call or Text 902-471-8497
🔎 Thinking of selling? Request a free home evaluation at BrendaK.ca
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🎥 Prefer to watch the update? Check out the full video on our YouTube channel: Halifax Real Estate with Brenda K