Executive Summary

The Halifax condominium market faced significant turbulence in October 2025. Elevated inventory levels, widespread price reductions, and sluggish transaction volume combined to create an unmistakably buyer-favored environment. Only 18% of available listings sold, marking one of the weakest absorption rates of the year and confirming a decisive tilt toward buyer control.

Market Overview

Sell-Through Rate: 18%
Total Inventory: 320 units (222 opening + 98 new listings)
Price Adjustments: 46 properties
Average Price Reduction: $31,081

October opened with 222 active listings and added another 98 new units, bringing the total to 320. Despite this ample supply, just 57 transactions were recorded. Nearly 15% of sellers reduced asking prices, averaging a downward adjustment of $31,081, revealing how far list prices initially missed buyer expectations.

This market correction indicates that the pricing strategies that worked earlier in 2025 are no longer sustainable under current conditions of oversupply and shifting demand.

Notable Transactions

• Highest Sale: Robie Street — $1,650,000
  This South End luxury condominium exemplified market resilience at the upper end. Originally listed for $1,675,000, it sold after a modest 1.5% reduction — proof that top-tier, well-located properties continue to command near-asking prices even amid widespread softening.
• Largest Price Reduction: Cunard Street — $90,900 drop
  Listed at $749,900 and selling for $659,000, this 12.1% price correction reflects the harsh reality for mid-market units that entered the market misaligned with buyer sentiment and comparable benchmarks.

Market Dynamics & Implications

The October numbers leave little ambiguity: Halifax’s condo segment is firmly in buyer territory. Elevated inventory — 82% of which remained unsold — will likely spill over into subsequent months, amplifying price competition through the winter.

For Sellers:

Strategic pricing is now non-negotiable. Sellers must rely on hard data — not sentiment — to determine list price. The average $31,081 reduction represents both a measurable market correction and an unnecessary erosion of potential profit due to overpricing at launch.

For Buyers:

This environment presents leverage not seen in years. With extensive selection, reduced competition, and frequent price adjustments, well-qualified buyers can negotiate not only lower prices but also favorable terms — closing flexibility, repair credits, or inclusions.

Conclusion

October’s performance confirms what data-driven agents have anticipated: the condominium sector is recalibrating. As sellers adjust expectations and buyers step forward more selectively, the months ahead will likely see continued price softening until absorption normalizes.

In short — this is a market of opportunity for buyers and a moment of discipline for sellers. The agents who win in this climate are those who lead with data, not hope.

Authored by Sandra Pike, REALTOR®
The Pike Group, Royal LePage Atlantic
One of Halifax’s top resale listing agents since 2016
Data-Driven Market Insights and Real Estate Commentary