The Halifax real estate market is kicking off 2025 with some interesting shifts, and if you’re thinking about buying or selling, you’ll want to pay attention! The latest numbers show a landscape where buyers have an edge, but sellers who play their cards right are still sealing great deals. So, what does this mean for you? Let’s break it down.

Market Snapshot: January 2025

Here’s what happened in the Halifax market last month: 

✅ 350 homes were listed for sale 

✅ 20 homes sold (a 60% success rate) 

✅ Average time on market: 52 days 

✅ Price adjustments: 69% of listings needed a price reduction 

✅ Sales over asking: Only 23% of homes sold above asking price

Now, let’s talk about what this means for buyers and sellers.

Buyers: This Market is Working in Your Favor

If you’re in the market for a home, congratulations—you have some serious negotiating power right now! With 69% of homes selling below asking price and an average reduction of $42,308, there’s plenty of opportunity to find a great deal. Plus, homes are sitting on the market for 52 days on average, meaning you don’t have to rush into a decision.

That said, when the right home comes along, you’ll still want to act quickly—some properties (23% of sales) are selling above asking price, especially if they’re well-priced and move-in ready.

Bottom line for buyers: You have leverage, but don’t wait too long if you find “the one.” Need help negotiating the best deal? I’ve got you covered!

Sellers: Pricing Right is the Key to Success

For sellers, the data is clear—overpricing leads to price reductions later. With more than one-third of listings requiring price drops, it’s crucial to price your home strategically from the start. The average home is selling for $42,308 below asking price, so setting a realistic price early on can save you time and stress down the road.

However, the good news is that homes are still selling! Only three listings were withdrawn or canceled last month, meaning sellers who price wisely and work with the right strategy are getting results.

Bottom line for sellers: The right pricing strategy can make all the difference. Want to sell quickly and for top dollar? Let’s talk about a game plan that works.

Looking Ahead: What to Expect in 2025

The early numbers suggest we’re in a buyer’s market, where buyers hold more negotiating power, and sellers need to be realistic with their pricing. But that doesn’t mean you can’t win as a seller—you just need a smart strategy (which is where I come in!).

For buyers, this market is a golden opportunity to get a home at a great price but knowing when to act fast is key.

Thinking about selling? Let’s make sure your home is positioned to sell quickly and for the best price possible.
Looking to buy? I’ll help you find the right home and negotiate a deal that works in your favor.

Ready to talk real estate? Let’s chat about your next move! Call or text me anytime—I’d love to help.

Halifax Market at a Glance

📌 Average list price: $672,396
📌 Average selling price: $648,712
📌 Average price drop when needed: $42,308
📌 Average amount over asking (when applicable): $22,828

If you want to make the most of Halifax’s real estate market in 2025, let’s work together to get you the best possible results. Whether you're buying or selling, I’m here to guide you every step of the way!