The real estate market in the Halifax Regional Municipality (HRM) is currently experiencing moderate price growth, rising listings and steady sales activity — meaning buyers have slightly more choice while sellers still benefit from demand. Both parties need to act strategically and stay informed.
So what’s really happening in the HRM market, and how does it impact buyers and sellers?
• Average home prices in HRM have grown by about 4% year-over-year.
• Inventory (active listings) is increasing, giving buyers a modestly improved selection.
• The market remains in a seller’s-advantage zone — fewer months of inventory than a balanced market.
• For sellers: well-presented homes are still selling quickly, but pricing and presentation matter more than ever.
• For buyers: more listings means more opportunity, but you’ll still face competition and need to move fast and be financially ready.
Over the past year in HRM, the housing market has shown resilience despite broader economic headwinds. Prices are moving up, but not at the breakneck pace we saw a few years ago. Inventory is gradually increasing, which means more choice for buyers, while demand remains solid enough that well-priced homes are still attracting strong interest.
For buyers, this means there is slightly more breathing room than in the ultra-tight markets of previous years, but you’re not out of the woods. Popular neighbourhoods and price ranges continue to see competition. Being pre-approved for financing, moving quickly when you find the right home, and being realistic about conditions and timelines will help you succeed.
For sellers, the signal is positive: you are likely in a market that still tilts in your favour — provided your home is priced correctly and shows well. You can’t assume that simply going on the market guarantees an over-asking offer. Presentation, timing and strategy are what separate “just listed” from “just sold.”
For homeowners and investors who are simply watching from the sidelines, this environment points to relative stability with modest upside. Appreciation is present but measured, and the gradual increase in listings can create opportunities to reposition, upsize, downsize or invest if the right property appears.
“Your help in locating our home was exceedingly beneficial… We would strongly recommend you to anybody that’s in the market to purchase or sell a house.” — Mark B.
Key insights and common misconceptions
Misconception: “Prices are exploding like they were in 2021.”
Reality: Growth today is moderate — more of a steady climb than a spike.
Misconception: “Listings are everywhere now; buyers hold all the power.”
Reality: Inventory has improved, but HRM is still close to seller-market territory in many segments.
Insight: Entry-level and mid-range properties remain the most active. Higher-end homes can take longer to sell and require sharper pricing.
Insight: For sellers, speed of sale and presentation are closely linked. Homes that are clean, well-staged and professionally marketed tend to move faster and for stronger prices.
Insight: For buyers, preparation is your advantage. Knowing the neighbourhoods, understanding your budget, and being ready with financing lets you act when the right home hits the market.
Important considerations before you act
• Financing and interest rates: With mortgage rates higher than the ultra-low period we recently left behind, affordability is front and centre. Know your numbers before you shop.
• Local sub-markets: HRM isn’t one market. Bedford, Dartmouth, Sackville, downtown and surrounding communities can all behave differently in terms of price, days on market and competition.
• Property type and condition: Detached homes, townhouses and condos each have their own rhythm and buyer pool. Condition, age and required repairs will all show up in price and time on market.
• Months of inventory: As a rough guide, under 4 months of inventory usually favours sellers, 4–6 months is balanced, and over 6 months leans toward buyers. HRM has been hovering closer to the seller/balanced side, which is why strategy still matters.
• Timing and presentation: For sellers, professional photos, staging and a clear pricing strategy are non-negotiable if you want top dollar. For buyers, being ready to view quickly and write strong, clean offers can make the difference.
• Future outlook: Changes in interest rates, employment, population growth and new construction could all shift the tone of the market. Staying in touch with up-to-date local data is critical.
“I didn’t know how I was going to sell my house… you’ve gone out of your way and beyond. I can start over fresh now!” — Ian Z.
FAQ
Q: Is now a good time to buy in HRM?
A: If you’re financially ready — with a clear budget and pre-approval — this market offers more choice than the tightest periods we’ve seen, while still being stable. You should, however, be prepared to act quickly on the right property.
Q: Should I sell now or wait?
A: If a move already makes sense for your life, conditions are still favourable for well-priced, well-presented properties. Waiting for “the perfect market” is often riskier than moving forward with a solid plan in today’s environment.
Q: How much are prices likely to rise?
A: Current trends point to modest, steady growth rather than big jumps. The exact performance will depend on your neighbourhood, property type and condition.
Q: Does the type of property matter?
A: Yes. Condos, townhomes and detached houses can each have different levels of demand, inventory and price movement. It’s important to look at data specific to the type of property you own or want to buy.
Q: What should first-time buyers know right now?
A: Get clear on your budget, secure a pre-approval, focus on needs vs. wants, and work with someone who understands HRM’s neighbourhoods and market segments. The better prepared you are, the less stressful the process will be.
Johnny Dulong | Family Real Estate Advisor | 902-209-4761
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