In Halifax, many homeowners, like empty nesters and seniors, are thinking about selling their homes by 2026. The market is changing from a slight seller's market to a more balanced one. This shift can affect when and how you choose to list your home.

Experts say home prices in Halifax might go up by about 3% in 2026. If you're looking to downsize, this can be good news because you might sell at a better price.

Downsizers might face some challenges in the Halifax real estate market:

- Picking a Neighbourhood: Popular places like Dartmouth, Sackville, and Bedford West have different benefits like being close to downtown or offering modern amenities.

- More Listings: From 2024 to 2025, listings went up by 8.8%, giving you more choices. But with many people looking, there’s still competition.

- Pricing Your House: Homes are selling for about $560,000 on average. Be careful with your pricing, as too high means it might take longer to sell (about 107 days on average).

Why Downsizing Could Be Smart

Downsizing can mean less work and lower costs. Here’s why doing it in Halifax might be a good idea:

- Steady Market Growth: A 3% price increase means you could sell your current home for a fair price and have more money to buy a smaller one.

- Best Time to Sell: Listing your home in late January or February can be good because many buyers are looking then.

- New Options: More condos and townhouses are being built, which are great for smaller, easy-to-manage homes.

Finding Your Ideal Halifax Home

For downsizers, smaller homes with modern features can be more convenient. Think about these areas:

- Dartmouth: Close to downtown and perfect if you want to stay near the city.

- Sackville: Offers a family-friendly and budget-friendly environment.

- Bedford West: Has new homes with modern comforts for those who like suburban living.

Tips for Selling in 2026

Empty nesters and seniors wanting to downsize can be smart about the Halifax market. Here are some tips:

- List at the Right Time: Early in the year can be best because many buyers are looking.

- Price Your Home Right: Even if prices are going up, it's important not to overprice. Check recent sales for guidance.

- Think About Future Supply: More homes might be listed later in 2026, so it could be best to sell now.

Getting Ready for 2026’s Market

Plan ahead, and you'll benefit most. Make good choices about when and where to sell or buy. Halifax is a great place to both sell and buy homes thanks to its strong economy and great lifestyle. There's a good chance to move into a smaller home that's just right for you.

Conclusion

With a likely 3% increase in home prices by 2026, Halifax has a promising market for downsizing. This can help you get the best value when selling your home and find a comfy, smaller one that meets your needs.

Be smart about timing and make sure your home appeals to buyers. With the right approach, 2026 could be the perfect time to start a new chapter in your life in Halifax.

Johnny Dulong - Family Real Estate Advisor

Call today .... EXIT tomorrow!

902.209.4761

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