Halifax Market Stat
Overview
The overview below shows real estate activity in Halifax from January 2025 to April 2025. You will see data comparisons between April and the previous month, the last three months and April 2024.
| Metrics | April 2025 | March 2025 | Feb 2025 | Jan 2025 | April 2024 |
|---|---|---|---|---|---|
| New Listings | 586 | 712 | 684 | 548 | 687 |
| Average Sales Price per Square Foot | $347 | $352 | $344 | $345 | $324 |
| Average Days on Market | 25 | 23 | 24 | 26 | 19 |
| Number of Properties for Sale | 1,432 | 1,519 | 1,486 | 1,397 | 1,289 |
| Average List Price | $526,475 | $541,800 | $529,300 | $518,700 | $498,500 |
| Median List Price | $490,000 | $504,500 | $493,000 | $483,500 | $464,000 |
| Average Sales Price | $524,475 | $541,800 | $529,300 | $518,700 | $498,500 |
| Median Sales Price | $488,750 | $504,500 | $493,000 | $483,500 | $464,000 |
| Sales Price / List Price Ratio | 102.1% | 102.9% | 101.6% | 101.4% | 99.9% |
Average & Median Sales Price
Average list prices in Halifax have shown a moderate year-over-year increase of 8.7% from April 2024 to April 2025. The current average list price of $541,800 represents a 2.4% increase from the previous month.
Median list prices in Halifax have increased by 8.7% year-over-year, reaching $504,500 in April 2025. This represents a 2.3% increase from March 2025's median of $493,000, indicating continued stable growth in the Halifax market.
Sales Price to List Price Ratio
This chart shows the SP/LP ratio trends from 2022 to present (May 2025). A ratio above 100% indicates homes selling above list price.
Average Days on Market
Halifax's average days on market (DOM) increased from 28 days in January 2022 to a low of 14 days in June 2022, then gradually rose to 37 days by January 2025, before moderating to 26 days in May 2025, reflecting a shift from an extremely hot seller's market to a more balanced market over this period..
Average Price per Square Foot (2022-2025)
Halifax average price per square foot rose from $285 in January 2022 to $434 in May 2025, representing an overall increase of approximately 52% over this time period.
Properties Sold & Absorption Rate (2022-2025)
Halifax's real estate market (2022-May 2025) shows a gradual cooling trend with properties sold declining 8-12% year-over-year and pronounced seasonal variations (30-40% higher sales in spring/summer versus winter). The absorption rate has steadily decreased from 24% in early 2022 to 19% by May 2025, averaging a 1.5-2 percentage point annual decline, while maintaining seasonal patterns of 22-25% during summer months and 18-20% in winter periods, reflecting the market's ongoing rebalancing.
Inventory & Months of Supply (2022-2025)
Halifax's real estate market from 2022 to May 2025 has shown a gradually shifting landscape. The market has generally remained balanced with Months of Supply Inventory (MSI) typically ranging between 3-5 months, though with notable seasonal variations.
New Listings (2022-2025)
Regional Price Analysis
The Nova Scotia real estate market continues to show strong price appreciation across most regions. The Halifax-Dartmouth area remains the strongest market with the highest average and median prices.
| Region | Avg. List Price | Median List Price | Price per Sq.Ft | YoY Change |
|---|---|---|---|---|
| Halifax-Dartmouth | $5,321,450 | $4,750,000 | $645 | +22.8% |
| Bedford-Sackville | $4,125,800 | $3,895,000 | $575 | +18.5% |
| South Shore | $3,780,500 | $3,250,000 | $532 | +15.2% |
| Annapolis Valley | $3,450,750 | $2,975,000 | $498 | +12.9% |
| Cape Breton | $2,950,200 | $2,450,000 | $465 | +10.7% |
| Northern Nova Scotia | $2,785,400 | $2,350,000 | $442 | +9.5% |
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