The Halifax condo market in September delivered a clear picture of where things stand: balanced, but shifting. While condos remain an attractive entry point for buyers, this past month highlighted how sensitive the market is to pricing and condition.

Key Numbers for September 2025

• Condos Sold: 50 units 
• Active Listings: 300 condos on the market
• Average Sale Price: $465,022
• Days on Market (DOM): 55 days on average before selling
• Price Adjustments: 40 condos had price reductions before selling

What’s Driving the Numbers?

• Buyer Hesitation: Financing remains one of the top deal-killers. With higher interest rates, some buyers are qualifying for less and shopping more cautiously.
• Selective Shopping: Halifax condo buyers have a “Cinderella mentality” — waiting for the perfect fit. Updated kitchens, parking, and proximity to downtown or transit hubs are making or breaking deals.
• Inventory Growth: With more units on the market, buyers finally have choices. This softens urgency and puts pressure on sellers to price smart.
• Stable Pricing: Despite slower absorption, condo values have held steady, showing Halifax’s overall demand is still strong compared to many Canadian cities.

What This Means If You’re Selling

• Price it right from day one. The condos that sat longest in September were the ones chasing the market with repeated drops.
• Presentation matters. Staged and freshly updated units are pulling stronger offers.
• Be prepared for conditions. Inspections and financing outs are standard again — gone are the days of “as-is” frenzy deals.

What This Means If You’re Buying

• You have more leverage. Buyers in September were able to negotiate, especially on condos that had been sitting.
• Patience is rewarded. With inventory building, you don’t need to rush, but keep an eye out for well-priced units — those still move quickly.
• Rates matter more than price. The difference in monthly payment on a slightly higher-priced condo at a lower rate can be dramatic — talk to your broker before ruling anything out.

Final Word

Halifax’s condo market in September 2025 was steady but competitive. Sellers need a realistic strategy, and buyers finally have options. Both sides should remember: success now comes down to preparation, timing, and smart negotiation.

📞 Thinking about selling your Halifax condo this fall? Call Sandra Pike & The Pike Group for a customized condo market plan that gets results.