Halifax Real Estate Market Report
Executive Summary
Dan BraunLocal expert · HalifaxThe Halifax, Nova Scotia real estate market is currently classified as a balanced market. The MLS composite benchmark price is $432K, down 1.3% year-over-year.
There are currently 443 active listings, representing 4.5 months of inventory. According to Nova Scotia Association of REALTORS, there were 1,190 sales and 2,037 new listings in June 2026. Inventory has increased 42.4% compared to last month.
Currently, listings spend an average of 67 days on market and the average price per square foot is $556.
Board Data vs Our Listings
| Metric | Nova Scotia Association of REALTORS | Our Listings |
|---|---|---|
| Benchmark / Median Price | $432K | $629K |
| Average Price | $481K | $850K |
| Active Listings | 5,405 | 443 |
| Detached Benchmark | $428K | $1.1M |
| Townhouse Benchmark | $531K | $547K |
| Apartment Benchmark | $439K | $547K |
Detached properties make up the largest share of the Halifax market at 65% of active listings with an average price of $1.1M. Condo listings follow at 35% (avg $547K).
Sales Activity & Absorption
Volume
Market Signals
Nova Scotia Association of REALTORS reported 1,190 sales this period, 132 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 1,190 units in June 2026. This was a modest decline of 1.6% from June 2025.
Home sales were 3.5% below the five-year average and 8.5% below the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 4,957 units over the first six months of the year. This was down by 8.6% 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 $431,700 in June 2026, a modest decline of 1.3% compared to June 2025.
The benchmark price for single-family homes was $427,900, nearly unchanged, down only 0.8% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $531,400, a decrease of 4.1% compared to a year earlier, while the benchmark apartment price was $439,300, a moderate decrease of 6.4% from year-ago levels.
The average price of homes sold in June 2026 was $481,384, a minor decrease of 1.6% from June 2025.
The more comprehensive year-to-date average price was $484,751, a small gain of 1.4% from the first six months of 2025.
The dollar value of all home sales in June 2026 was $572.8 million, falling by 3.1% from the same month in 2025.
The number of new listings rose 6.9% from June 2025. There were 2,037 new residential listings in June 2026.
New listings were 7.1% above the five-year average and 4.1% above the 10-year average for the month of June.
Active residential listings numbered 5,405 units on the market at the end of June, up by 10.3% from the end of June 2025. Active listings haven’t been this high in the month of June in more than five years.
Active listings were 28.1% above the five-year average and 2.6% above the 10-year average for the month of June.
Months of inventory numbered 4.5 at the end of June 2026, up from the 4.1 months recorded at the end of June 2025 and above the long-run average of 4.1 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.
Source: Nova Scotia Association of REALTORS, June 2026
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
High absorption relative to inventory — tight market.
At 4.5 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Halifax | 8 | $1.1M |
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 443 active listings with a median price of $629K and 4.5 months of inventory.
According to Nova Scotia Association of REALTORS, the composite benchmark price is $432K (-1.3% year-over-year). There were 1,190 sales recorded, with a sales-to-active listings ratio of 22.0%. This indicates a seller's market where demand outpaces supply.
- Prices declining (-25.7% in 30 days)
- Low price reduction rate (0% of listings)
- Slow-moving market (67 avg days on market)
- Average price per square foot is $556
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Nova Scotia Association of REALTORS. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 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.