Halifax Condominium Market - sept 2025
Halifax Condominium Market
Executive Summary
The September condominium market demonstrated a decisive shift toward buyer advantage, characterized by elevated inventory levels and extended marketing periods. With only 50 transactions against 300 available units, the market absorption rate of 16.7% signals persistent oversupply. Price compression averaged $31,274 between list and sale prices, with 80% of closed transactions requiring vendor concessions. Strategic pricing has become paramount in this environment.
Market Fundamentals
Pricing Analysis
Three-Month Sales Trajectory
Geographic Distribution
Strategic Implications
Pricing Discipline Essential
With 80% of transactions requiring price adjustments averaging $41,214, initial pricing accuracy is critical to minimize market exposure and preserve negotiating position.
Buyer Leverage Persists
Six-to-one inventory-to-sales ratio creates sustained buyer advantage. Vendors must differentiate through pricing, presentation, and strategic positioning rather than relying on market momentum.
Extended Marketing Periods
Average 55-day marketing period requires patient capital and realistic expectations. Properties priced aggressively from inception demonstrate materially shorter time-to-transaction.
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