Halifax Real Estate Market Report
Executive Summary
Eyal PevznerLocal expert · HalifaxThe Halifax, Nova Scotia real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $429K, up 0.0% year-over-year.
There are currently 415 active listings, representing 5.3 months of inventory. According to Nova Scotia Association of REALTORS, there were 1,075 sales and 1,819 new listings in July 2026. Inventory has increased 40.7% compared to last month.
Currently, the average price per square foot is $531.
Board Data vs Our Listings
| Metric | Nova Scotia Association of REALTORS | Our Listings |
|---|---|---|
| Benchmark / Median Price | $429K | $600K |
| Average Price | $465K | $820K |
| Active Listings | 5,653 | 415 |
| Detached Benchmark | $425K | $1.0M |
| Townhouse Benchmark | $536K | $539K |
| Apartment Benchmark | $435K | $539K |
Detached properties make up the largest share of the Halifax market at 66% of active listings with an average price of $1.0M. Condo listings follow at 34% (avg $539K).
Sales Activity & Absorption
Volume
Market Signals
Nova Scotia Association of REALTORS reported 1,075 sales this period, 117 new listings appeared in the past month.
Nova Scotia Association of REALTORS Monthly Report
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.
Source: Nova Scotia Association of REALTORS, July 2026
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
Moderate absorption — healthy turnover.
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.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Halifax market currently has 415 active listings with a median price of $600K and 5.3 months of inventory.
According to Nova Scotia Association of REALTORS, the composite benchmark price is $429K (+0.0% year-over-year). There were 1,075 sales recorded, with a sales-to-active listings ratio of 19.0%. This indicates a balanced market with moderate competition.
- Low price reduction rate (0% of listings)
- Average price per square foot is $531
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark and sales statistics from Nova Scotia Association of REALTORS. Prepared by Eyal Pevzner with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.