Hello and welcome back to our monthly breakdown of Halifax's real estate stats!
May 2025 was BUSY!!
Recorded a new all time high sales price, an eye watering
$636,592!! (which is up from $614,548 in April 2025)
Here's the interesting thing though. If you've been following real estate at all over the past 5 years, I'm sure you've heard the following phrase.
"it's a supply problem, not enough homes and too many buyers."
Well, in May 2025 Halifax recorded it's highest level of inventory since February 2020, that's right, BEFORE COVID!!
2.8 Months of Inventory.
In May 2025, Halifax recorded it's highest level of units for sale since June 2020, that's right 5 YEARS AGO!
1156 units for sale.
To put this into context. The lowest level of months of inventory was 0.3 months, and the lowst level of units for sale recorded was 183 total units. Both of those were in February 2022, which most people consider to be the peak of Halifax's worst real estate market in recorded history.
So we are getting units BACK.
But prices are going up?
What gives?
Jason Paul
902-220-7357
jason@infinityrealestategroup.ca
@jasonpaulhalifaxrealtor
902-22
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