KeyInsights:Q12025
•Inventorygrowth:Listingsincreased41%fromJanuarytoMarch
•Marketefficiency:DOMdecreasedfrom52to35days(33%improvement)
•Pricestability:Averagesellingpricesremainedfairlysteady(~$639K)
•Hotspot:$500K-$699Kpricerangedominateswith48%ofsalesinMarch
•Buyer'smarket:Only23-35%ofhomessoldoveraskingprice...
Ifyou’vebeenwonderingwhathomesaregoingforthesedaysinHalifax,here’sthestraightgoods. AsofMarch2025,theaveragepricepersquarefootforasingle-familyhomeinHalifaxlandedat $320.21.That’saslightbump about2%higherthanwhatwe’veseenyear-to-date($313.70). Nothingearth-shattering,butenoughtoraiseaneyebrow.
WhereArethePriciestPlacestoBuy?
Nobigshockhere—ifyou’relookinginHammondsPlainsorrightinHalifaxproper,expecttopay topdollar.We’retalking$380.93and$378.91persquarefoot.That’sabout18-19%higherthanthe city-wideaverage.Location,location,location it’sstillathing...
Ifyou’vebeenwatchingtheHalifaxrealestatemarketandwonderingwherethehot spotsare orwhereyoumightstillsnagadeal you’reintherightplace.Everypocket ofourcitytellsadifferentstory,andthelatestnumberspaintaclearpictureofwhere theactionishappening.
Asalways,Iliketobreakthingsdowninplainlanguage nofluff,nojargon justreal talkaboutwhat’shappeninginyourbackyard.
TopPerformingCommunities:WhereHomesAreSellingOverAsking
Let’skickthingsoffwiththeareaswheresellersaresmilingwidest—thecommunities wherebiddingwarsareheatingupandbuyersarecominginstrong...
Jan to March 2022-2024
The Halifax housing market has been on a wild ride over the past few years. From significant drops to surprising rebounds, the city's single-family home prices have kept both buyers and sellers on their toes. As we review the data, we'll uncover the factors driving these fluctuations and what they mean for the future of Halifax's real estate landscape.
The Price Rollercoaster: 2022 to 2025
Looking at the data, Halifax’s single-family home prices have been volatile. From 2022 to 2023, prices dropped by about 6.9% ($610,000 to $568,000), likely reflecting higher interest rates and economic uncertainty that cooled demand. In 2024, prices rebounded slightly by 3.3% to $587,000, suggesting some recovery. For 2025, $628,000, a 7% jump from 2024, which indicates strong demand or limited supply pushing prices up early in the year.
A 4% increase from $628,000 by year-end would bring the average to around $653,120. To assess whether this is likely, we need to consider economic factors affecting Halifax’s housing market. Interest rates are a big driver. The Bank of Canada started cutting rates in mid-2024, which typically...
