The Halifax–Dartmouth real estate market continues to evolve — and the latest MLS® data shows a market that is stabilizing, not sliding, and certainly not returning to the pre-pandemic conditions we once knew. Instead, we’re seeing a more balanced environment where both buyers and sellers need strategy, patience, and guidance.
Let’s break down what the numbers really say — and what they mean for your next move.
Prices remain strong — and remarkably resilient
One of the biggest questions homeowners ask is:
“Are prices falling?”
The short answer: No — they’re holding steady.
In December, the average residential sale price across Halifax–Dartmouth reached $596,473, representing continued strength and long-term growth compared with previous years. Meanwhile, the MLS® Benchmark (which tracks “typical” homes rather than extremes) shows only mild, seasonal softening month-over-month — normal for year-end.
Even when we look backward over several years, values remain significantly higher — proof that Halifax has entered a new pricing era driven by population growth, infrastructure expansion, and limited long-term supply.
Inventory has increased — but we are NOT in a buyer’s market
The market currently sits at roughly 3.2 months of inventory. That means:
More homes are available than during the peak frenzy
Buyers finally have choices
Sellers are no longer guaranteed instant multiple offers
But here’s the key — true buyer’s markets typically require 6+ months of inventory.
So, what we are seeing now is balance — not oversupply.
This is healthy for everyone. It keeps price growth steady, reduces bidding wars, and allows buyers time to complete inspections, financing, and planning.
Homes are taking longer to sell — and pricing matters more than ever
During the peak pandemic rush, some properties sold in a matter of days.
Today, the median days on market sits around 47 days — still quite reasonable historically, but slower than what many sellers have become used to.
What this tells us:
Buyers are deliberate and thoughtful
Overpriced homes sit — and eventually sell for less
Proper exposure, presentation, and strategy create strong outcomes
This is not a “list and wait” market anymore — it’s a plan, prepare, price, and market correctly market.
That’s exactly where our full-service marketing program shines:
➡
https://www.homeworksrealty.ca/marketing_plan
Different property types, different stories
Digging deeper reveals interesting trends across property types:
🔹 Single-family homes
Remain the backbone of the market, with strong long-term appreciation and continued demand.
🔹 Townhomes
Show competitive pricing and appeal to downsizers and young professionals.
🔹 Condominiums
Are experiencing slightly softer demand as buyers compare monthly condo fees to freehold options — but they remain attractive entry points into the market.
These variations highlight why individual property strategy matters more than broad averages.
What this means if you’re thinking of selling
Sellers still hold meaningful negotiating power — but success depends on smart positioning.
Today’s successful listings typically feature:
✔ realistic pricing
✔ professional presentation
✔ exposure across MLS®, brokerage sites, social platforms, and paid advertising
✔ knowledgeable negotiation support
Curious what your home could realistically sell for?
➡
https://www.homeworksrealty.ca/homevalue
What this means if you’re buying
Buyers today benefit from:
✔ more homes to choose from
✔ fewer rushed decision-making environments
✔ opportunities to negotiate conditions
However, desirable homes still attract quick interest — so preparation is key.
Start browsing available properties here:
➡
https://www.homeworksrealty.ca/search
And learn how our team protects your interests:
➡
https://www.homeworksrealty.ca/buying_with_assist_2_sell
Our take: Stability, confidence — and strategy wins
The Halifax–Dartmouth market today is measured, confident, and sustainable.
Prices are steady. Inventory is improving. Buyers and sellers both have opportunities — when guided well.
And that’s where we come in.
Ready to talk about your next move?
Whether you're planning to buy, sell, downsize, invest, or simply watch the market — our team would be happy to walk through your options and create a plan tailored to you.
📞 Call us anytime — we’d love to help.