Halifax Real Estate Market Update – March 2025
How Is the Halifax Housing Market Performing in March 2025?
- Average Price $639,646
- Average Days on Market 36
- Average Sale to List Price 100%
- 2.2 months of inventory
Halifax Market Trends: What to Expect in the Coming Months
✅ For Buyers:
- Halifax’s housing market remains in demand, but inventory levels are improving, giving buyers more options.
- Interest rates are still a key factor—if rates drop, competition will increase. Buying before that happens could be a smart move.
- Home prices have moderated compared to peak highs, making it a good time for long term buyerss to enter the market.
✅ For Sellers:
- Low inventory in key neighbourhoods means well-priced homes are still selling quickly.
- Buyers are price-sensitive, so setting the right price is key.
- If you’re planning to move up or downsize, market conditions could work in your favour depending on your situation.
📌 Is Now a Good Time to Buy or Sell in Halifax?
How Is the Halifax Housing Market Performing in March 2025?
- Average Price $639,646
- Average Days on Market 36
- Average Sale to List Price 100%
- 2.2 months of inventory
Halifax Market Trends: What to Expect in the Coming Months
✅ For Buyers:
- Halifax’s housing market remains in demand, but inventory levels are improving, giving buyers more options.
- Interest rates are still a key factor—if rates drop, competition will increase. Buying before that happens could be a smart move.
- Home prices have moderated compared to peak highs, making it a good time for long term buyerss to enter the market.
✅ For Sellers:
- Low inventory in key neighbourhoods means well-priced homes are still selling quickly.
- Buyers are price-sensitive, so setting the right price is key.
- If you’re planning to move up or downsize, market conditions could work in your favour depending on your situation.
📌 Is Now a Good Time to Buy or Sell in Halifax?
It’s a balanced market right now, making it a strategic time to buy or sell in Halifax. Whether it’s the right time to buy or sell depends on your goals. Home prices remain competitive, inventory is shifting, and interest rates impact affordability. If you’re thinking of making a move, let’s chat about the best timing for you!
Halifax Market Update:
In this Halifax market update, I’ll break down the latest home prices, sales trends, and average days on market, giving you a clear picture of where the market is heading. Whether you’re buying a home in Halifax, selling, or just staying informed, this update has everything you need!
Video Chapters 📚
00:00 Introduction
00:23 Average Sale Price for all of HRM
01:14 Sale to List Price percentage
02:56 Original List Price and price drops
04:13 Number of houses sold
04:53 Active homes for sale
05:27 Inventory levels
06:17 Buyer advice as it’s starting to move quick
06:46 Days on Market
08:07 Sales to New Listings Ratio
09:51 Sales in the month versus New Listings
11:34 Price ranges analysis
13:30 Top 3 markets based on number of sales
Have questions? Drop them in the comments below!
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If you’re thinking about buying or selling in Halifax then we should be talking
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🆓 FREE RESOURCES: 💰 What Is Your Home Worth? https://www.halifaxhomesandlifestyles.ca/cma/property-valuation/
🚚 Nova Scotia Buyer Guide: https://www.halifaxhomesandlifestyles.ca/buyer-guide/
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Richard Payne REALTOR® eXp Realty of Canada Inc. Halifax Homes and Lifestyles
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I’m a full time REALTOR® in beautiful Halifax, Nova Scotia. As you’ll probably notice, my accent doesn’t sound very Canadian. I’m originally from Burnley, Lancs. and lived in South Wales for many years before moving to Halifax, Nova Scotia in 2007 with my wife and three children ___________________________________________________________________________________________________
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**The opinions expressed herein are solely that of Richard Payne, not eXp Realty of Canada, Inc. or the NSAR and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to solicit buyers and sellers currently under an agency agreement. This is not financial advice.
