The Halifax condo market in September delivered a clear picture of where things stand: balanced, but shifting. While condos remain an attractive entry point for buyers, this past month highlighted how sensitive the market is to pricing and condition.
Key Numbers for September 2025
Condos Sold: 50 units
Active Listings: 300 condos on the market
Average Sale Price: $465,022
Days on Market (DOM): 55 days on average before selling
Price Adjustments: 40 condos had price reductions before selling
What’s Driving the Numbers?
Buyer Hesitation: Financing remains one of the top deal-killers. With higher interest rates, some buyers are qualifying for less and shopping more cautiously.
Selective Shopping: Halifax condo buyers have a “Cinderella mentality” — waiting for the perfect fit. Updated kitchens, parking, and proximity to downtown or transit hubs are making or breaking deals.
Inventory Growth: With more units on the market, buyers finally have choices. This softens urgency and puts pressure on sellers to price smart.
Stable Pricing: Despite slower absorption, condo values have held steady, showing Halifax’s overall demand is still strong compared to many Canadian cities.
What This Means If You’re Selling
Price it right from day one. The condos that sat longest in September were the ones chasing the market with repeated drops.
Presentation matters. Staged and freshly updated units are pulling stronger offers.
Be prepared for conditions. Inspections and financing outs are standard again — gone are the days of “as-is” frenzy deals.
What This Means If You’re Buying
You have more leverage. Buyers in September were able to negotiate, especially on condos that had been sitting.
Patience is rewarded. With inventory building, you don’t need to rush, but keep an eye out for well-priced units — those still move quickly.
Rates matter more than price. The difference in monthly payment on a slightly higher-priced condo at a lower rate can be dramatic — talk to your broker before ruling anything out.
Final Word
Halifax’s condo market in September 2025 was steady but competitive. Sellers need a realistic strategy, and buyers finally have options. Both sides should remember: success now comes down to preparation, timing, and smart negotiation.
📞 Thinking about selling your Halifax condo this fall? Call Sandra Pike & The Pike Group for a customized condo market plan that gets results.
