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.
