Buying and Selling a Halifax Home in a Balanced Market

The Halifax real estate market is entering a phase we haven’t seen in nearly six years. The chaos of COVID led to an influx of people from across Canada and around the world. Our housing supply was quickly absorbed, causing prices to skyrocket—almost doubling in a very short period of time.

Today, things have returned to something more normal—a healthier housing environment for buyers and sellers alike.  But a balanced market means both need to adjust their approach.

What This Means for Buyers

Inventory is at its highest point since 2019, giving buyers more choice than they’ve had in years. Instead of rushing into decisions, buyers now have the time to carefully compare homes, weigh options, and negotiate terms that suit their needs.

This shift allows for a more thoughtful process—whether that’s finding the right property at the right price, or negotiating conditions that provide peace of mind. Buyers should still act with purpose, but the urgency of the last few years has eased.

What This Means for Sellers

For sellers, strategy is everything. In a balanced or declining market, an incorrect price will almost certainly leave a home sitting unsold. If values soften further into the fall and winter, waiting too long or pricing too high may mean chasing the market down rather than staying ahead of it. Listing competitively from the start can actually save money in the long run.

Beyond pricing, preparation matters more than ever. Staging, landscaping, and decluttering help a home stand out. And working with a Realtor who actively studies the market, gathers buyer feedback, and adjusts strategy accordingly is key. A proactive approach will make the difference.

Moving Forward in Halifax

Whether you’re buying your first home, upgrading, downsizing, or selling, this balanced market offers opportunities for everyone—if you approach it the right way.

If you’d like to talk strategy for your next move, feel free to call, text, or email me anytime. I’ll help you make the most of this changing market.

Written by, 

Chris Perkins, Broker/Owner
Coldwell Banker Maritime Realty
Direct: 902 210 1223
chrisperkins@cbmaritime.ca