As we close out 2024, Halifax’s real estate market has shown strong growth, with a 4.8% increase in the average sold price, rising to $573K from $547K in 2023. The total number of sales also saw a notable uptick, increasing by 7% to 5,071 homes sold. Inventory levels remained relatively the same, with 760 homes for sale at the end of 2024 compared to 755 last year, maintaining a slight year-over-year increase. However, the average days on market increased slightly to 31 days, up from 28 in 2023. Overall, months of supply remained low at 2.2, slightly up from 2.0 in 2023, indicating that we remain firmly entrenched in a seller’s market. For more detailed insights and trends shaping the 2025 Halifax real estate market, be sure to check out our year-in-review video!