Halifax-Dartmouth Real Estate Market Update: March & April 2025
As we head deeper into the spring market, the Halifax-Dartmouth real estate landscape is beginning to show some seasonal trends that align with what we typically expect this time of year. Here's a breakdown of how the local market performed in March and April 2025.
Single-Family Homes: Prices On the Rise
The average purchase price for single-family homes saw a notable increase over the past two months. In March, the average price sat at $630,071, climbing to $648,907 in April — a 4.8% increase month-over-month. This upward trend is in line with historical patterns, as demand tends to pick up during the spring months with more buyers entering the market.
The average days on market for single-family homes in April was 36 days, indicating a steady pace as properties continue to move relatively quickly.
Inventory also saw a mild increase, with months of supply rising from 1.9 in March to 2.1 in April. This is not unusual, as more listings typically come to market during the spring and summer, offering buyers a bit more selection.
Condo Market: Slight Dip, but Still Active
The condo segment saw a small decline in average purchase price, dropping 1.7% from $491,351 in March to $477,655 in April. While the price dip may catch some attention, it’s not necessarily a sign of weakening demand — it could also reflect a change in the mix of units sold or other short-term market fluctuations.
Condos spent an average of 31 days on market in April, which is slightly faster than the single-family segment, suggesting continued interest from buyers.
Months of supply for condos also increased slightly, from 2.4 in March to 2.6 in April, again reflecting the seasonal trend of more listings entering the market.
What This Means for Buyers and Sellers
For buyers, increased inventory could mean more choice and potentially less competition compared to the winter months — especially in the condo market where prices have softened slightly. For sellers, particularly those listing single-family homes, spring continues to be a strong season to capitalize on buyer activity and rising prices.
As always, understanding current market conditions is key to making informed real estate decisions. Whether you’re buying, selling, or just watching the market, the Halifax-Dartmouth area continues to offer opportunities in both the single-family and condo segments.
If you would like to dig deeper into what this all means for you, reach out anytime. I would be delighted to chat =)