Add to that: "You not only can't wear it, you can't sell it."One thing I would add is that you should be a little careful. Armor that does not change sizes has the potential to turn what should be a triumphant moment into a disappointing one.
DM: After a hard fought battle with the dragon, you finally kill her and find her hoard. There's a suit of magic armor of amazingness.
Players: Yay!!!
DM: Oh, it's halfling-sized so none of you can wear it.
Players: *Disappointed*
I'm exaggerating a bit, but putting a "sting" into a genuine reward can be worse than not having the reward at all.
Players: *Really disappointed!*