Halifax Market Update Nov- Housing market Remains Stable Despite Economic Pressure

Halifax and Dartmouth Real Estate Market Update

November 2025

The Halifax real estate market continues to show steady performance despite mounting economic pressure. According to the most recent statistics from the Canadian Real Estate Association (CREA), demand remains consistent, prices remain stable, and overall inventory continues to increase as we approach the holidays. These conditions create a balanced environment where sellers still hold a slight advantage, but buyers have more choice than they did in previous years.

Market Snapshot

The latest CREA data for October 2025 provides a clear overview of current conditions:

• Nova Scotia recorded 1,078 residential MLS sales in October. This was a 0.9% decrease compared with October 2024.

• Year-to-date sales from January to October reached 9,713, which is 1.5% higher than the same period in 2024.

• Halifax and Dartmouth recorded 516 sales in October. CREA reports this as a 3.2% increase compared with October 2024.

• The average sale price in Nova Scotia during October was $464,573, an increase of 4.2% year over year.

• The average sale price in Halifax and Dartmouth for October was approximately $602,837, which is 4.1% higher than October 2024.

• New listings across Nova Scotia reached 1,419 in October, representing an 8% increase and marking the highest October total in 5 years.

• Active listings at the end of October totaled 4,626, which is 9.9% higher than the same month last year and the highest October level in more than 5 years.

• CREA reports that the province ended October with 4.3 months of inventory. This is up from 3.9 months in October 2024, but still below the long-term provincial average of roughly 5.3 months.

What This Means for Sellers

The latest CREA numbers show that sellers remain in a favourable position. Prices continue to rise, sales activity in the Halifax and Dartmouth region is stable, and inventory—although higher than last year—is not high enough to shift the market into buyer territory.

Well-prepared homes continue to perform strongly. Clean presentation, accurate pricing, and strong marketing efforts still make a noticeable difference. Even with more listings available, buyers remain active, and well-positioned properties attract solid attention.

What This Means for Buyers

Buyers are benefiting from a healthier level of inventory compared with the tight market conditions seen in recent years. The increase in listings gives buyers more choice and slightly more negotiating space, while steady, moderate price growth makes budgeting more predictable.

Despite the added inventory, the market still moves at a consistent pace, so preparation remains key. Mortgage pre-approvals, clarity on preferred neighbourhoods, and readiness to act quickly are still important advantages.

Property Segment Trends

CREA’s latest numbers continue to show detached homes leading the Halifax and Dartmouth market. These homes remain the strongest segment in both pricing and volume.

Townhomes and semi-detached properties tend to fluctuate more from month to month due to smaller listing volumes. Condos have shown slower price growth compared with detached homes, which may create opportunities for buyers or investors looking for more accessible entry points or long-term potential.

Why Halifax Continues to Stand Out

According to CREA’s provincial trends, several factors continue to support Halifax and Dartmouth:

• Strong population growth and consistent in-migration

• A high quality of life and increasing national visibility

• Better affordability compared with major Canadian cities

• Controlled, steady increases in housing supply

• Sustained buyer confidence throughout 2025

These fundamentals help create a stable market that avoids dramatic swings.

Looking Ahead

CREA’s most recent trendlines show that Halifax and Dartmouth are well-positioned heading into 2026. Prices are rising at a comfortable rate, sales remain steady, and inventory levels are increasing at a controlled pace that supports balance without creating oversupply.

If interest rates stabilize or begin to decrease in 2026, buyer activity may pick up further heading into the spring market. For now, conditions remain steady, predictable, and healthy for both buyers and sellers.

If you would like a neighbourhood-specific report or a personalized valuation of your home, feel free to reach out anytime.