Thinking of selling a condo in Halifax? Here’s what you need to know: May’s numbers reveal that condos are still firmly in a buyer’s market—with 71.2% selling under asking. But it’s not all doom and discounts. If you’re in the Halifax Peninsula or moving quickly, you’ve still got room to outperform.
Below is a full breakdown of the Halifax condo market based on 73 May 2025 sales:
💰 Sale Price vs Asking Price
👉 Key Insight: Condos are under pressure. Compare this to detached homes, where 38% sold over asking.
⏱️ Days on Market Breakdown
Average DOM: 30.2 days
Median DOM: 19 days
Range: 0–211 days
🏘️ Top-Selling Communities
🎯 Market Standouts:
Halifax Peninsula: Fastest sales + highest $/sqft = seller-friendly
Bedford: Slowest movers with lower price per square foot
📐 Price Per Square Foot
Overall Averages:
Average $/sqft: $447
Median $/sqft: $427
Range: $225–$947
📊 Sales Speed vs Price Performance
💡 Insight: Price it right or sit tight. Fast movers often win on price, while anything lingering past 60 days is guaranteed to sell below asking.
🔑 Strategic Takeaways
Sell Smart: Halifax Peninsula remains hot – high prices and fast turnover.
Pricing Matters: Most units still need competitive pricing to sell.
Know Your Buyer: Over 40% of quick sales still went under asking – this isn’t a “list high, wait” market.
