Market Overview

The Halifax real estate market continues to show its shifting patterns, and the data for August 2025 reveals some important truths about what’s really happening. On the surface, it may look like plenty of homes are being listed and sold, but when you dig into the numbers, a more cautious picture emerges.

Inventory Snapshot

• Active listings on August 1st: 969

• New listings added in August: 500

• Total homes available during the month: 1,469

Nearly 1,500 homes were competing for buyers’ attention. Out of those, only 388 sold—a sell-through rate of 26%. Nearly three out of four homes didn’t find a buyer.

What’s Actually Selling

• Homes listed and sold in August: 89 (just 18% of new listings moved)

• Average days on market for sold homes: 37

• Overall days active for inventory: 81

While some homes do sell quickly, many sit for months, waiting for buyers who are now more selective and price-sensitive.

Showings, Offers, and Deals

• Showings booked: 9,771

• Deals written: 692

• Terminated deals: 107

• Conditional offers pending into September: 197

There’s activity, but not every showing or offer leads to a successful sale. The market is full of cautious buyers, financing hiccups, and hesitation.

Pricing Pressure

• Average listing price: $658,548

• Average selling price: $636,689

• Average price drop: $45,395

• Total price reductions: 242

• Homes selling over asking: 31%

• Homes selling under asking: 62%

The days of automatic bidding wars are behind us. Most homes are negotiating down, not up.

By Price Range

The sweet spot for sales was between $400K and $700K:

• $400K–$499K: 83 sold

• $500K–$599K: 98 sold

• $600K–$699K: 67 sold

Meanwhile, only 10 homes over $1M sold—showing that affordability remains the engine driving demand.

What This Means for Sellers

If you’re selling in Halifax right now, pricing is everything. Most buyers are waiting for price drops, so overpricing means you risk sitting on the market while competitors scoop up the action.

What This Means for Buyers

Buyers have more choice, more leverage, and more time than in previous years. With nearly three-quarters of homes not selling in August, there’s less pressure to rush. Negotiating under asking is not only possible—it’s the most common outcome.

Final Takeaway

August 2025 in Halifax wasn’t a hot market—it was a selective one. With only 26% of homes selling and 62% going under asking, the data makes it clear: success depends on strategy. Sellers who price smartly and prepare their homes properly will win. Buyers can afford to be patient and strategic, knowing they hold more cards than they did a couple of years ago.