Key Insights: Q1 2025
• Inventory growth: Listings increased 41% from January to March
• Market efficiency: DOM decreased from 52 to 35 days (33% improvement)
• Price stability: Average selling prices remained fairly steady (~$639K)
• Hot spot: $500K-$699K price range dominates with 48% of sales in March
• Buyer's market: Only 23-35% of homes sold over asking price
Q1 2025 Market Analysis
The Halifax single-family home market shows strong supply growth with increasing efficiency. While inventory expanded 41% from January to March, days on market decreased significantly from 52 to 35 days.
The market sweet spot remains in the $500K-$699K range, accounting for 48% of March sales. Despite more inventory, prices have stabilized with average selling prices around $634K in March.
Nearly half (49%) of homes sold below asking price in March, indicating buyers still maintain negotiating power despite the faster-moving market.
