A Quick HALIFAX Market Update – What the Current Shift Means for Your Sale

  Tuesday, May 20, 2025

Over the past few weeks, we’ve seen things start to slow down — not grind to a halt, but definitely take a breather. If your home hasn’t had as much action lately, you’re not alone, and it’s not a reflection of your property — it’s the market doing what markets do: shifting.

 

Here’s what the numbers are telling us:

 

 

🔻 Decline in Showing Activity

We’ve seen a noticeable drop in daily showings.

 

The first week of May averaged 417 showings per day

 

In the last week, that’s dropped to 312–327 showings per day

 

That’s a ~25% decrease in overall buyer activity

 

 

 

Buyers Are Taking Their Time

 

With 7,218 total showings translating to 588 sales, buyers are now viewing about 12.3 homes on average before making an offer.

That tells us that while buyers are still out there, they’re being pickier — and slower to commit.

 

 

🏡 Inventory Is Building

 

1,137 active listings currently on the market

556 new listings came up in the same period as 588 sales

In short: the market isn’t flooded, but there’s more choice for buyers — and that naturally softens urgency.

 

 

What This Means for You

  • If you’re currently listed, this just means we need to adjust expectations a little.
  • More patience may be needed — homes are taking longer to sell
  • More showings may happen before an offer comes in
  • We may not see the same multiple-offer frenzy we had earlier 

 

 

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