Condo Sales - Oct 2025
Halifax Condominium Market Analysis
Executive Summary
The Halifax condominium market experienced significant headwinds in October 2025, with elevated inventory levels and substantial pricing pressure creating favorable conditions for qualified buyers. Market dynamics shifted decisively toward buyers, with only 46% of available inventory transacting during the month.
Market Dynamics
October revealed a market under considerable stress. Opening inventory of 222 units combined with 98 new listings created a total supply of 320 condominium units. Despite this elevated inventory, only 147 units transacted, representing a sell-through rate of 46%.
The prevalence of price adjustments underscores the challenging market conditions. Nearly 15% of available inventory underwent price reductions averaging $31,081, indicating that initial pricing strategies required significant revision to align with buyer expectations and market realities.
Notable Transactions
Highest Sale Price
Robie Street — $1,650,000
This premium South End property represented the market's apex transaction for October, originally listed at $1,675,000. The modest $25,000 reduction (1.5%) demonstrates that well-positioned luxury properties in established neighborhoods maintained pricing power despite broader market softness.
Largest Price Reduction
Cunard Street — $90,900 reduction
Originally listed at $749,900, this property ultimately sold for $659,000, representing a 12.1% price adjustment. This significant markdown highlights the pricing recalibration required in the current market environment, particularly for properties initially positioned above comparable sales.
Market Implications
The October data signals a decisive shift in market leverage. Buyers now operate from a position of strength, with substantial inventory selection and demonstrated seller flexibility on pricing. The 54% of inventory that failed to transact will likely carry forward into subsequent months, further pressuring pricing dynamics.
For sellers, strategic positioning is paramount. Properties entering the market require evidence-based pricing supported by recent comparable sales data. The average price reduction of $31,081 represents both a market correction and a costly delay in achieving sale objectives.
Sophisticated buyers recognize this environment as opportune for negotiations. The combination of elevated inventory, modest transaction velocity, and frequent price adjustments creates conditions favorable to achieving below-asking purchase prices with negotiated terms.
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