As of the end of July 2025, Halifax’s single-family home market has moved over 2,600 properties, with seasonal momentum driving both buyer activity and price behavior. This year’s market has been tight, competitive, and full of classic spring fever energy—especially when it comes to those bidding wars.

Here’s how it’s shaping up so far:

Sales Volume & Seasonal Momentum

• Total homes sold (Jan–July): 2,614

• Peak months:

  • June led with 501 sales

  • May closely followed with 485

• Slower start: January kicked off at 210 sales

• July pulled back slightly: 435 sales—but still very strong

Takeaway: This is a textbook Atlantic Canada seasonal cycle—ramping up from winter lows, peaking in spring, and showing early signs of late-summer cool down.

 Inventory & Turnover

• No drastic fluctuations month to month

• Interpretation: Halifax buyers are still showing up, and properties are still moving swiftly—demand remains stable despite rate noise.

 Days on Market (DOM)

• Year-to-date average: 34.4 days

• Fastest sales:

  • May: 26 days

  • March: 35 days

• July: Down to 29 DOM, proving that buyers are still motivated

Bottom line: Anything under 35 days YTD in a market this tight = seller advantage.

 Pricing & Over-Asking Activity

• YTD Average Sale Price: $640,483

• Price range:

  • High: $658,868 (May)

  • Low: $609,440 (July)

• Homes selling over asking: 970 properties

• Average over-asking premium: $22,777

• Peak month for bidding wars: April – 44% of sales went over asking with an average bonus of $27,512

 Price Reductions & Buyer Pushback

• Total price drops YTD: 1,384 listings

• Average reduction: $39,849

• Climbing monthly trend:

  • Feb: 139 drops

  • July: 254 drops

And for context…

• Homes selling under asking: 54% average YTD

  • High: 69% (January)

  • Low: 48% (April)

What this tells us: Even in a strong market, buyers are strategic. They’ll go over asking—but only when the product earns it.

 Market Summary: Seller's Market with Spring Sizzle

• Over one-third of homes are selling above list price

• DOM is consistently tight (under 35 days)

• Inventory turns over steadily at 32%

• Price reductions are rising—but that’s more about seller adjustment than buyer retreat

Where Are We Now? (As of July 2025)

• 435 homes sold

• 29 days on market

• 34% selling over asking

• $609,440 average sale price

Yes, July cooled ever so slightly from the spring peak—but the momentum hasn’t disappeared. It’s just finding a new gear as we head into late summer.

Thinking of selling in 2025? The Halifax market is still in your corner—if you price it right and prep it well. Let’s talk strategy before the fall slowdown hits.