Nova Scotia Association of REALTORS
Real Estate Board — Market Data & Trends
Overview
The composite benchmark price for Nova Scotia Association of REALTORS was $429,100 in July 2026, essentially flat year over year.
Across the 3 months on record — May 2026 to July 2026 — the benchmark fell 25.1%, from $572,700 to $429,100.
The high over that window was $572,700 in May 2026; the benchmark now sits 25.1% below it.
The segments have not moved together: apartments lost 0.6%, townhouses lost 1.1% and detached homes lost 28.2% over the window — a spread of 27.6 percentage points between apartments and detached homes.
As of July 2026 the benchmark stands at $425,200 for detached homes, $536,000 for townhouses and $435,100 for apartments.
Nova Scotia Association of REALTORS reported 1,075 sales in July 2026.
Inventory stands at 5.3 months of supply, which the board's own thresholds classify as a balanced market.
These are figures published by Nova Scotia Association of REALTORS. The period-over-period comparisons above — the change over the window, the high and the low and the spread between property types — are arithmetic compiled by this publication from 3 monthly releases, May 2026 through July 2026.
Board Report
Key Takeaways
July 2026- The overall MLS® HPI composite benchmark price was $429,100 in July 2026, unchanged 0% compared to July 2025.
- Months of inventory numbered 5.3 at the end of July 2026, up from the 4.4 months recorded at the end of July 2025 and above the long-run average of 4.6 months for this time of year.
- The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Source: Nova Scotia Association of REALTORS
At 5.3 months of inventory, supply and demand are well matched. Neither buyers nor sellers have a decisive advantage. Prices tend to appreciate moderately, and properties sell within normal timeframes.
Nova Scotia Association of REALTORS Narrative
The number of homes sold through the MLS® System of the Nova Scotia Association of REALTORS® totaled 1,075 units in July 2026. This decreased by 5.9% from July 2025.
Home sales were 2.9% below the five-year average and 10.6% below the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 6,033 units over the first seven months of the year. This was a decline of 8.1% from the same period in 2025.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $429,100 in July 2026, unchanged 0% compared to July 2025.
The benchmark price for single-family homes was $425,200, up only 0.6% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $536,000, nearly unchanged, down only 0.6% compared to a year earlier, while the benchmark apartment price was $435,100, a decrease of 7.8% from year-ago levels.
The average price of homes sold in July 2026 was $465,412, up modestly by 1.5% from July 2025.
The more comprehensive year-to-date average price was $481,496, a minor increase of 1.4% from the first seven months of 2025.
The dollar value of all home sales in July 2026 was $500.3 million, a moderate decrease of 4.6% from the same month in 2025.
The number of new listings increased by 4.1% from July 2025. There were 1,819 new residential listings in July 2026. This was the largest number of new listings added in the month of July in more than five years.
New listings were 7.5% above the five-year average and 3.9% above the 10-year average for the month of July.
Active residential listings numbered 5,653 units on the market at the end of July, a gain of 12.3% from the end of July 2025. Active listings haven’t been this high in the month of July in more than five years.
Active listings were 28% above the five-year average and 5.5% above the 10-year average for the month of July.
Months of inventory numbered 5.3 at the end of July 2026, up from the 4.4 months recorded at the end of July 2025 and above the long-run average of 4.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
At 5.3 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Source: Nova Scotia Association of REALTORS via CREA MLS
Period: July 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.