Prepared by The McCooeye Group — Royal LePage Atlantic

As we move deeper into the fall season, Halifax continues to show signs of a market shifting toward balance. From October 1st to November 1st, the single-family home segment delivered a compelling blend of higher inventory, stable pricing, and a noticeably longer time on market — all indicators of a market that has moved past the frenzy of previous years and settled into a more sustainable rhythm.

Whether you’re buying, selling, or watching from the sidelines, these trends have real implications. Here’s your full breakdown of what happened this past month in Halifax–Dartmouth.

📈 Inventory Climbs to Its Highest Level in Years

The most striking feature of this month’s data is the inventory. Halifax recorded:

• 916 active listings

• 237 new listings between Oct 1 and Nov 1

That’s a significant amount of choice for buyers — and a meaningful shift from the ultra-tight markets experienced between 2020 and 2022. More listings mean less urgency, more negotiating power, and a more even playing field between buyers and sellers.

Sellers, however, are feeling this shift. With more competition, pricing and presentation matter more than ever. Homes that hit the market aligned with the right price range are still getting attention, but the days of buyers lining up at the door are behind us for now.

🏡 Sales Remain Solid Despite Increased Choice

Even with higher inventory, buyer demand remains steady. Between October 1st and November 1st, Halifax saw:

• 403 sold single-family homes

• $256 M total sales volume

• Average sale price: $653,321

• Median sale price: $575,000

These numbers signal market stability. Prices aren’t rising sharply, but they’re not falling either. Instead, Halifax continues to show resilience, supported by migration, employment, lifestyle appeal, and relative affordability compared to many Canadian cities.

If you’re watching home values, you can also check what your Halifax home is worth Home Evaluation.

⏳ Days on Market Rises to 37 — A Key Market Shift

Perhaps the most important trend this month:

Homes are now taking an average of 37 days to sell.

That’s a meaningful increase and a departure from the fast-moving conditions of the past few years. For context:

• DOM Low: 3 days

• DOM High: 357 days

• Average: 37 days

A DOM in the mid-30s doesn’t indicate a slow market — it indicates a thoughtful, buyer-balanced market, where purchasers have the time to:

• Compare multiple properties

• Revisit homes

• Include conditions

• Negotiate confidently

Buyers now have more time. They’re not racing the market as they once were.

💵 Prices Hold Firm Despite Higher Supply

Even with more competition among sellers, pricing remains impressively stable:

SOLD PRICES

• Average: $653,321

• Median: $575,000

• High: $3,600,000

• Low: $70,000

ACTIVE LIST PRICES

• Average: $831,261

• Median: $699,900

• High: $6,495,000

• Low: $67,500

The gap between list and sold prices reflects the wide range of available inventory — from entry-level homes to high-end waterfront and executive properties.

But importantly, there is no downward pressure on prices. Despite more listings, buyers remain active, and demand remains consistent enough to support current value levels.

🔎 What This Means for Sellers

For homeowners thinking of selling, the current market is still productive — but strategy matters more than ever.

Key insights for sellers:

• Homes are selling — but not instantly. Expect an average of 30–45 days to secure a buyer.

• Well-priced homes move; overpriced homes stall.

• Your home must compete. With 916 active listings, presentation is critical.

• Condition and marketing matter. Homes with professional staging, great photography, and strong digital marketing outperform competing listings.

If you’re preparing to list, our Halifax Home Seller’s Guide is a great place to start.

🔎 What This Means for Buyers

This is the most favourable buyer environment Halifax has seen in several years.

Key insights for buyers:

• More choice = less pressure

• More negotiation power

• More room for conditions (financing, inspection)

• More time to evaluate each home

• Prices are stable, making budgeting predictable

If you’re new to the market or reassessing your buying strategy, our Halifax Buyer’s Guide can walk you through the process.

🔮 Looking Ahead: What to Expect This Winter

As we move toward winter, Halifax traditionally sees listing activity taper off. However, because inventory is already elevated, we expect:

• Total active listings may remain higher than usual

• DOM may rise slightly to the low-40s

• Prices should remain generally stable

• Buyer activity will soften gradually but remain healthy

Barring significant changes in interest rates or economic shifts, Halifax is positioned for a winter market characterized by balanced conditions, steady prices, and measured buyer activity.

📞 Thinking About Buying or Selling? Let’s Talk.

Whether you're preparing to make a move or simply tracking your home’s value, understanding your neighbourhood’s micro-market is crucial.

The McCooeye Group is here to provide:

• Tailored home value assessments

• Price range forecasting

• Custom buying strategies

• Neighbourhood-level reports

• Local market expertise backed by data

If you’d like your personalized market analysis, just head to our Contact Us page — we’re happy to help every step of the way.