The Halifax real estate market is buzzing with questions this spring. Is the market heading back into frenzy mode, or are we finally starting to see signs of balance? Let’s break down the April 2025 numbers and what they mean for buyers, sellers, and curious homeowners across the region.
A Tale of Two Markets: April in Review
April marked the first full month of the spring market—and what a tale it told. It started off calm, but by the end of the month, some price points were red hot with intense buyer activity. Across detached, semi-detached, and condo sales in the Halifax region, we’re seeing some key trends unfold.
Inventory Update: More Homes Hitting the Market
We saw a 14% year-over-year increase in active listings this April, with 142 more homes available compared to April 2024. While that’s welcome news for buyers, we’re still well below the threshold of a balanced market. In 2018, Halifax sat in balance with around 1,600 to 1,800 active listings. Today, we’re hovering closer to 1,000.
So while inventory is improving, it’s not quite enough to tip the scales. For now, we remain in a strong seller’s market.
Sales Activity: Steady and Consistent
In April 2025, there were 488 home sales—almost identical to April 2024’s 492. Year-to-date, we’re sitting at 1,426 sales from January through April, which is up slightly from 1,408 during the same period last year. This kind of steady activity points to market consistency rather than volatility.
Days on Market: Still Tight
Homes in Halifax continue to sell quickly. The average days on market for April 2025 was 32 days, just two days faster than April 2024. This number has been hovering consistently between 28 and 34 days week to week, which is still far below the 90+ days we’d expect in a balanced market.
Because of this speed, many agents continue to set offer presentation deadlines or leave offers open for 48 hours to give more buyers a fair chance. Without that, homes could be snapped up in just hours.
Inventory Level: Better, But Not Balanced
If no new listings came to market, it would take about 10 weeks to sell off existing inventory. That’s still considered low. For context, in the frenzy of 2022, inventory would have been gone in just over two weeks. So while conditions are improving, we’re not yet balanced.
Home Prices: A Closer Look
- Average Price: $616,700 in April 2025 (up from $608,561 in April 2024)
- Median Price: $574,000
The average price can feel daunting, but the median price tells a more grounded story.
List-to-Sell Ratio: Slightly Over Asking
Homes sold for 100.3% of their asking price on average. That’s slightly over list, driven mostly by the entry-level and mid-range price points where demand is still very strong.
Appreciation: Modest but Positive
Year-over-year, the market saw a 1.3% appreciation rate. That may seem modest, but it signals stability rather than unsustainable growth. For example, a $500,000 home in April 2024 would be worth $506,500 in April 2025. A gain is a gain—and it shows a maturing market.
What Price Points Are the Busiest?
The $500K–$600K range is now the most active. Interestingly, it has overtaken the $300K–$400K range that dominated in April 2024. The sweet spot has nudged slightly higher, and competition remains fierce in that range.
In some segments (like $300K–$499K), we’re still seeing multiple offers and fast sales. Many buyers are willing to purchase and renovate over time just to break out of the rental cycle.
So… Is Halifax Back in a Frenzy?
Not quite. While some price points feel intense, especially in the lower-to-mid ranges, the overall stats tell a story of a steady, active, and slightly more grounded market. The frenzy is not back—but demand remains strong.
Thanks for Checking Out the Blog!
We hope this update gave you valuable insight into the latest Halifax market trends. Don’t forget—we’ve got lots more great content right here on the blog and over on our YouTube channel at www.youtube.com/HalifaxRealEstate. Be sure to subscribe so you never miss an update
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