Stats from the Nova Scotia Association of REALTORS® (NSAR)
Halifax Regional Municipality
Resale Single Family Market Report | December 2025
Executive Summary
Halifax's resale single family market in December 2025 demonstrated continued buyer leverage dynamics, with 75% of transactions completing below listing price. The market processed 239 sales against an expanding inventory base of 1,033 homes, representing a 21% increase in available supply from the month's opening inventory of 852 homes.
Transaction velocity indicators signal measured market conditions. New listings converted at 22%, while average days to contract extended to 51 days. The market experienced notable pricing recalibration, with properties selling below asking by an average of $52,500 when adjustment occurred.
The $400K-$600K segment captured 47% of transaction volume, reinforcing its position as the market's primary price corridor. Bedford, Timberlea-Prospect-St. Margaret's Bay, and East Hants regions led geographic distribution, collectively accounting for 29% of December closings.
Total Sales
239
Completed transactions in December
Average Sale Price
$635,452
Median: $570,000
Market Inventory
1,033
852 opening + 181 new listings
Average Days to Contract
51
Median: 30 days
Market Activity Metrics
New Listings
181
New Listing Conversions
40
Conversion Rate
22%
Current Market Time
105 Days
Terminated Listings
60
Price Adjustments
126
Agreements Written
613
Agreement Success Rate
39%
The 22% conversion rate for December listings, combined with 613 written agreements yielding 239 closings (39% success rate), reflects measured buyer commitment levels. Market inventory expansion of 21% alongside 126 price adjustments indicates ongoing pricing recalibration as sellers align expectations with buyer capacity.
Pricing Performance Analysis
Sold Over Asking
15.5%
Average Premium
+$19,422
Sold Under Asking
74.5%
Average Discount
-$52,505
Pricing dynamics strongly favor buyer negotiating position. Three-quarters of transactions completed below listing price at an average discount of $52,505, while the 15.5% selling above asking achieved modest premiums averaging $19,422. This 7.8% average list-to-sale variance signals strategic importance of initial pricing accuracy to minimize extended market exposure.
Transaction Velocity
The bifurcated velocity profile reveals a two-tier market structure. While median days to contract of 30 days indicates efficient execution for appropriately priced properties, the 51-day average reflects an extended tail of inventory requiring substantial market time. Current listings average 105 days on market, signaling the importance of competitive positioning and pricing strategy.
Price Distribution
Average Price/SqFt
$294
Dominant Segment
$400K-$600K
Luxury Segment ($1M+)
21 Sales
The $400K-$600K corridor represents 47% of market volume, establishing this range as Halifax's primary transaction zone. Combined with adjacent segments, the $400K-$800K band accounts for 68% of activity. The luxury segment ($1M+) captured 21 transactions, representing 9% of volume and demonstrating sustained high-end market engagement despite broader market cooling.
Geographic Distribution
Timberlea-Prospect-St. Margaret's Bay led transaction volume with 30 closings, followed by East Hants/Colchester West (21 sales) and Bedford (18 sales). The geographic distribution reflects buyer preference for established suburban markets offering relative value positioning. Woodlawn-Portland Estates-Nantucket and Clayton Park-Fairmont-Rockingham completed the top five, collectively representing 42% of December activity.
