Condo Sales 2025 in Review
2025 Halifax Condo Market Report
587 Sales, Pricing Trends & What the Data Reveals About Buyer Leverage
Executive Summary
The Halifax Regional Municipality condo market in 2025 demonstrated both sustained transaction volume and a decisive shift toward buyer leverage. Of 986 condos brought to market, 587 units closed successfully — representing a 71.5% success rate — while 234 listings expired, were cancelled, or were withdrawn. The data reveals a market where pricing discipline separates successful sales from stagnant inventory.
Nearly three out of four Halifax condos (71.8%) sold below list price in 2025, with buyers securing an average discount of $24,903 — a structural shift in negotiating power that astute buyers leveraged throughout the year.
Market Velocity: Over/Under Asking Analysis
The negotiating dynamics of the 2025 condo market clearly favored buyers. While a minority of well-priced properties attracted premium offers, the majority required sellers to accept discounts to complete transactions.
The average discount as a percentage of list price was 4.9%, with the median at 3.7%. This indicates that while deep discounts occurred on select properties, the typical negotiation resulted in modest but consistent price reductions.
Listing Outcomes: Success vs. Failure
Understanding why properties fail to sell is as important as analyzing successful transactions. The data reveals a clear pattern: overpriced listings are the primary cause of market failure.
| Status | Count | Avg Price | Median Price | Avg DOM |
|---|---|---|---|---|
| Sold | 587 | $482,993 | $435,000 | 34 days |
| Active (Current Inventory) | 151 | $525,894 | $475,000 | 93 days |
| Expired | 117 | $639,258 | $542,500 | 121 days |
| Cancelled | 103 | $578,230 | $489,900 | 82 days |
| Withdrawn | 14 | $461,086 | $422,450 | — |
| Conditional Sale | 14 | $488,286 | $474,450 | — |
Expired listings were priced 32.4% higher than successful sales on average. At $639,258 versus $482,993, the message is clear: sellers who failed to calibrate their expectations to market realities watched their listings expire after an average of 121 days on market.
Geographic Market Performance
Halifax South and Clayton Park/Rockingham dominated transaction volume, together accounting for over 40% of all condo sales. The highest price per square foot was achieved in Halifax Central and Halifax South, reflecting the premium placed on downtown walkability.
Top Districts by Sales Volume
Complete District Breakdown
| District | Sales | Avg Price | Avg $/SqFt |
|---|---|---|---|
| Halifax South | 128 | $593,603 | $583 |
| Fairmount, Clayton Park, Rockingham | 115 | $403,976 | $330 |
| Bedford | 65 | $462,402 | $362 |
| Halifax Central | 43 | $531,867 | $611 |
| Dartmouth Downtown to Burnside | 33 | $530,858 | $485 |
| Halifax North | 32 | $419,154 | $394 |
| Spryfield | 30 | $367,980 | $333 |
| Woodlawn, Portland Estates, Nantucket | 24 | $393,540 | $331 |
| Armdale/Purcell's Cove/Herring Cove | 21 | $477,514 | $410 |
| Southdale, Manor Park | 16 | $501,525 | $460 |
| Halifax West | 13 | $573,546 | $470 |
| Crichton Park, Albro Lake | 13 | $430,915 | $377 |
| East Hants/Colchester West | 11 | $480,318 | $404 |
| Fairview | 10 | $468,105 | $441 |
Price Distribution Analysis
The Halifax condo market is concentrated in the $300,000–$500,000 range, with nearly 60% of all transactions falling within this band. The luxury segment ($750K+) represented just 7.7% of sales.
Sales by Price Range
Price Per Square Foot Analysis
Price per square foot ranged from $180 to over $1,180, with downtown Halifax properties commanding the highest premiums. The market median of $399/sqft provides a useful benchmark for evaluating individual listings.
Distribution by Price/SqFt
Highest Price Per Square Foot Sales
| Address | $/SqFt | Sold Price | District |
|---|---|---|---|
| 1479 Lower Water St. | $1,181 | $1,240,000 | Halifax South |
| 1585 South Park Street | $1,121 | $849,900 | Halifax South |
| 2250 Maitland Street | $1,049 | $639,900 | Halifax Central |
| 2250 Maitland Street | $1,020 | $621,900 | Halifax Central |
| 1048 Wellington Street | $947 | $500,000 | Halifax South |
Days on Market Analysis
Well-priced condos moved quickly in 2025, with over one-third selling within the first week. However, properties that lingered beyond 60 days often faced significant challenges, underscoring the importance of correct initial pricing.
Monthly Sales Trends
Transaction volume followed typical seasonal patterns, with April emerging as the busiest month. The spring market (March–May) accounted for 35% of annual sales, while fall activity remained steady through October.
| Month | Sales | Avg Price | Median Price |
|---|---|---|---|
| January 2025 | 19 | $527,200 | $501,000 |
| February 2025 | 32 | $475,341 | $430,250 |
| March 2025 | 52 | $510,917 | $426,500 |
| April 2025 | 80 | $454,681 | $419,000 |
| May 2025 | 71 | $517,427 | $465,000 |
| June 2025 | 50 | $501,172 | $472,500 |
| July 2025 | 62 | $501,835 | $442,000 |
| August 2025 | 40 | $485,227 | $447,500 |
| September 2025 | 50 | $457,222 | $422,000 |
| October 2025 | 56 | $469,849 | $424,450 |
| November 2025 | 42 | $459,577 | $415,000 |
| December 2025 | 33 | $441,003 | $404,900 |
Square Footage Analysis
The average sold condo measured 1,188 square feet, with a median of 1,126 square feet. Units between 1,000 and 1,500 square feet represented the market's sweet spot, accounting for nearly 45% of all transactions.
| Size Range | Count | Percentage |
|---|---|---|
| 1,200 – 1,500 sqft | 135 | 23.0% |
| 1,000 – 1,200 sqft | 126 | 21.5% |
| 1,500+ sqft | 117 | 19.9% |
| 800 – 1,000 sqft | 113 | 19.3% |
| 600 – 800 sqft | 62 | 10.6% |
| Under 600 sqft | 34 | 5.8% |
Current Market Inventory
As of the data snapshot, 151 condos remain on the active market with an additional 14 under conditional sale. At current absorption rates, this represents approximately 2.8 months of inventory — suggesting a relatively balanced market with a slight tilt toward buyers.
Active Inventory by District
| District | Active Listings |
|---|---|
| Halifax South | 35 |
| Fairmount, Clayton Park, Rockingham | 22 |
| Southdale, Manor Park | 16 |
| Halifax Central | 16 |
| Bedford | 11 |
| Halifax North | 10 |
| Armdale/Purcell's Cove/Herring Cove | 8 |
| East Hants/Colchester West | 6 |
The 2025 Halifax condo market rewarded realistic pricing and punished overconfidence. With 71.5% of concluded listings resulting in sales and a median time to sale of just 19 days for properly priced units, the path to success is clear: price to market, not to ego. Buyers, meanwhile, secured an average discount of nearly $25,000 — a compelling reason to engage actively in this market.
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