The February 2025 market stats in Halifax came out this past weekend and they are interesting!
In January 2025 we had an all time high sales price of $617k, and February 2025 had a small drop off for an average sale price of $609k. It's interesting because January almost felt like an anomoly in a sense because home prices had been declining in Halifax steadily since May 2024. We had a sudden jump of $37k in average price point from December 2024 to January 2025, which felt like an outlier, but February holding strong in a high average sales price shows that the market is heating up and prices are still hanging onto all time highs.
February received a little more inventory (homes for sale,) which saw us go from 792 units for sale to 827 units. This impacted our months of supply from 1.9 months to 2 months.
New listing was down in February 2025 to 424, from January which saw 449 new listings come to market. In my experience, the weather definitely impacted this as Halifax and Nova Scotia saw some pretty miserable weather throughout February. Which would have delayed a lot of sellers from listing their homes until the weather turns better for potential buyers.
The last big one would be days on market going from 29 days to 39 days, quite the huge jump in today's market, considering housing prices are still hanging around that all time high number. Be interesting to watch this metric play out over the busy spring market.
Average Price: $609,242
Months of Supply: 2
New Listings: 424
Homes For Sale: 827
Days on Market: 39
Pending Sales: 299
Jason Paul
902-220-7357
jason@infinityrealestategroup.ca
@jasonpaulhalifaxrealtor
