Stats from the Nova Scotia Association of REALTORS® (NSAR)
Halifax Condominium Market Analysis
August 2025 Market Snapshot
Executive Summary
Halifax's condominium market demonstrates continued buyer selectivity with a 14% absorption rate in August 2025. Market dynamics reveal significant pricing adjustments, with 72.5% of sales requiring price reductions averaging $12,881. The 47-day average DOM and 96.4% sale-to-list ratio indicate a balanced but competitive environment favoring informed buyers. Year-to-date performance shows a 63% sell-through rate with consistent pricing pressure reflected in 67% of transactions involving price reductions.
Key Performance Indicators
14%
Absorption Rate
47
Average DOM
96.4%
Sale-to-List Ratio
$485,226
Avg. Sale Price
Market Activity Analysis
August Market Activity Breakdown
Year-to-Date Performance Comparison
Pricing Dynamics
List Price vs. Sale Price Analysis
Price Reduction Impact - August Sales
Market Performance Summary
| Metric | August 2025 | YTD 2025 | Market Indication |
|---|---|---|---|
| Total Listings | 287 | 731 | Adequate Supply |
| Sales Volume | 40 | 460 | Steady Demand |
| Average Sale Price | $485,226 | $489,389 | -0.85% Monthly |
| Price Reductions | 72.5% | 67.2% | Buyer Leverage |
| Avg. Price Reduction | $12,881 | $20,364 | Pricing Adjustment |
Strategic Market Insights
- Low absorption rate of 14% indicates buyer selectivity and negotiation opportunities
- 47-day DOM suggests properties require strategic pricing and presentation
- High frequency of price reductions (72.5%) demonstrates importance of initial pricing strategy
- 96.4% sale-to-list ratio indicates final pricing typically aligns with market expectations
- YTD sell-through rate of 63% reflects consistent but measured market activity
- Average price reduction variance between monthly ($12,881) and YTD ($20,364) suggests improved pricing accuracy in recent months
