Halifax Real Estate Market Update – July 2025
Halifax’s housing market is showing steady growth and resilience in 2025, with numbers that reflect strong buyer demand, modest inventory growth, and healthy price gains. Whether you’re buying, selling, or just watching the market, here’s your snapshot for the year so far.
From January 1 to July 31, 2025 (MLS® – HD Region, Residential Homes):
- 3,196 homes sold – a 2.5% increase from the same period in 2024.
- $602,153 average sale price – up 3.9% year-over-year.
- 33 days on market – unchanged from last year.
- 2.48 months of listing inventory – a slight increase of 0.4 months.
- ~1,300 active listings – compared to roughly 1,100 at this time last year.
Market Insights
Sales are up, prices continue to climb, and homes are selling in just over a month on average. While inventory has grown slightly—giving buyers a few more choices—it’s still well below what’s considered a balanced market.
The increase in active listings (about 200 more than last summer) offers some breathing room for buyers, but demand remains strong enough that sellers are still in a favourable position.
What This Means for You
For buyers: More listings mean more options, but in-demand homes still move quickly. Being pre-approved and ready to act will give you the edge.
For sellers: With steady demand and prices up nearly 4%, this remains an excellent time to list, especially if your home is well-presented and priced strategically.
Looking Ahead
As we move into the second half of 2025, inventory trends will be key to watch. For now, Halifax is holding steady—a competitive market leaning toward sellers, with consistent buyer activity and sustained property values. Please feel free to reach out at any time if you’re thinking of buying or selling!
Kelly Smith, Realtor
Exit Realty Metro
Moving Heroes affiliate
kelly@agentsmith.ca
902.222.5192