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.
