The market in general YTD
Sales Overview YTD in Halifax
This page offers a monthly, year-to-date snapshot of how the Halifax real estate market is performing overall. Whether you're a buyer trying to time your purchase or a seller considering when to list, this resource helps you stay informed on how the market is trending throughout the year.
Each update includes key performance indicators—sales activity, days on market, pricing trends, and buyer demand—so you can track how the market is evolving month by month. It's a valuable tool for anyone looking to make confident, data-informed decisions in real estate.
January - May 2025 • Sandra Pike Market Data
2,567 Listed • 1,678 Sold • 65% Absorption Rate
+131%
Sales Growth (Jan-May)
37
Avg Days on Market
32%
Selling Over Asking
$645K
Avg Selling Price
50%
DOM Improvement
485
May Sales (Record)
Monthly Market Activity
Days on Market Trend
Over Asking Performance
Price Range Distribution (YTD)
Market Challenges: Price Drops & Expirations
Pricing Dynamics: List vs Sell Prices
Market Analysis & Key Insights
🚀 Accelerating Market
Sales up 131% from January (210) to May (485)
Listings up 113% from January (350) to May (747)
DOM improved 50% from 52 days to 26 days
Clear momentum building through spring season
💰 Pricing Strength
32% selling over asking year-to-date
April peak: 44% over asking rate
$20,768 average over asking amount
Strong seller's market conditions persist
🎯 Sweet Spot Segments
$500K-$599K: 427 sales (25% of market)
$400K-$499K: 303 sales (18% of market)
$600K-$699K: 311 sales (19% of market)
Mid-market ($400K-$700K) dominates activity
⚠️ Market Challenges
Price drops increasing: 144 → 247 (+72%)
Expirations rising: 4 → 26 (+550%)
Average price drop: $38,260
Some sellers struggling with pricing strategy
📈 Market Velocity
65% absorption rate year-to-date
February peak: 71% absorption
Consistent 63-65% March through May
Strong and stable demand fundamentals
🔄 Seasonal Patterns
Spring surge confirmed: Peak activity in May
February anomaly: 71% absorption rate
DOM linear improvement: Each month faster
Typical seasonal acceleration pattern
Market Summary: Strong Seller's Market with Growing Activity
Current State: Halifax is experiencing a robust seller's market with accelerating activity, improving speed metrics, and strong pricing power. May represented a record month with 485 sales.
Key Drivers: Consistent 65% absorption rate, 50% improvement in days on market (52→26 days), and 32% of properties selling over asking price demonstrate healthy demand-supply dynamics.
Opportunities: The $400K-$700K price range represents 62% of all activity, making it the prime market segment. Fast-improving DOM suggests optimal timing for listings.
Challenges: Rising price drops (+72%) and expired listings (+550%) indicate some sellers are missing the market with initial pricing strategies. Professional pricing guidance is increasingly critical.
*All stats are taken from NSAR YTD
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