Halifax Real Estate Market Report

The number of homes sold through the MLS® System of the Nova Scotia Association of REALTORS® totaled 929 units in September 2026. This was down by 6.4% from September 2025. Home sales were 1% below the five-year average and 13.1% below the 10-year average for the month of September. On a year-to-date basis, home sales totaled 7,942 units over the first nine months of the year. This was a decrease of 8% 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 $423,200 in September 2026, down modestly by 2.5% compared to September 2025. The benchmark price for single-family homes was $420,000, a minor decrease of 2.3% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $519,700, a small reduction of 1.6% compared to a year earlier, while the benchmark apartment price was $423,500, falling by 5.3% from year-ago levels. The average price of homes sold in September 2026 was $463,312, a small gain of 1.2% from September 2025. The more comprehensive year-to-date average price was $477,963, increasing by 1.3% from the first nine months of 2025. The dollar value of all home sales in September 2026 was $430.4 million, a decline of 5.3% from the same month in 2025. The number of new listings was up modestly by 3.7% from September 2025. There were 1,609 new residential listings in September 2026. This was the largest number of new listings added in the month of September in more than five years. New listings were 12.3% above the five-year average and 10.3% above the 10-year average for the month of September. Active residential listings numbered 5,661 units on the market at the end of September, an increase of 13.4% from the end of September 2025. Active listings haven’t been this high in the month of September in more than five years. Active listings were 27.6% above the five-year average and 9.9% above the 10-year average for the month of September. Months of inventory numbered 6.1 at the end of September 2026, up from the 5 months recorded at the end of September 2025 and above the long-run average of 5.1 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.