Halifax Market Update: Are We Still in a Housing Shortage?

Halifax Market Update: September 2025

Since 2019, Halifax’s story has been one of low supply and rising prices. However, recent numbers from NSAR, CREA, and WOWA indicate that the situation is beginning to shift. Inventory is building, demand is leveling, and while it’s not a full buyer’s market yet, the balance is changing.

Halifax Market Snapshot – September 2025

Key Statistics

• Halifax–Dartmouth: 3.2 months of inventory (+23% year-over-year)

• Entire Nova Scotia MLS: 4.5 months (+7%)

• CREA Provincial Average: ~5.0 months

• Detached Homes: 4.9 months

• Townhouses/Rows: 2.8 months

• Active Listings: ~4,960 homes province-wide (+9%)

  
  

Inventory is climbing, but Halifax remains below the 5–6 months that typically defines a balanced market. This means listings are lasting a bit longer, but good properties still move fast.

What Does This Mean for You?

For Buyers

There’s more selection and fewer bidding wars. You might finally have time to breathe again! However, strong listings still go quickly. There’s still plenty of competition for homes priced at $650,000 and under. So, keep your eyes peeled and be ready to act when you find the right one.

For Sellers

Pricing strategy matters more than ever. Homes that are staged, photographed well, and priced realistically are still commanding solid results. It’s wise to remember that this market is not in the same ballpark as what we saw during Covid times. Prices have remained stable for the last two years, despite the uptick in average days on the market. Patience is key!

For Investors

Margins are tighter, but deals exist for those who can source off-market properties or add value through renovations. Watch absorption rates closely as inventory builds and more tariffs come into effect. A great opportunity still exists to add units to your primary residence. Be sure to check out the $40,000 unforgivable loan program offered through the province. More details can be found here.