Nova Scotia Association of REALTORS Reports Balanced Market in August 2026

Nova Scotia Association of REALTORS — August 2026

In August 2026, the Nova Scotia Association of REALTORS reports a composite benchmark price of $435,000, with total sales reaching 997 units. This marks a 7.1% decrease in sales compared to the previous year, while active listings stand at 5,643, reflecting a balanced market condition.

Market Analysis

The real estate market in Nova Scotia remains balanced as of August 2026, with a months of inventory figure of 5.7, indicating a stable supply relative to demand. Total sales decreased by 7.1% year-over-year, falling below both the five-year and ten-year averages for the month. The dollar value of all home sales in August was $466.2 million, a decline of 7.1% from August 2025, highlighting a slowdown in market activity despite a modest increase in new listings.

Property Type Analysis

The benchmark price for single-family homes is reported at $433,200, reflecting a slight increase of 2.7% year-over-year. In contrast, townhouse/row units show a moderate decrease of 5.9% with a benchmark price of $512,900, while apartments have seen a significant decline of 8.8%, bringing the benchmark price to $422,100. This divergence in property types suggests varying levels of demand and market performance across segments.

Regional Highlights

Active residential listings have increased by 13.6% compared to August 2025, marking the highest level of inventory for this month in over five years. New listings totaled 1,571, which is 3% higher than the previous year and above the five-year average, indicating a potential shift towards a more favorable environment for buyers as supply begins to catch up with demand.

For Buyers

Prospective buyers are encouraged to take advantage of the increased inventory in the market. With more options available and a balanced market condition, buyers may find favorable opportunities to negotiate on price and terms.

For Sellers

Sellers should be mindful of the current market dynamics, particularly the increase in active listings. To attract potential buyers, it is advisable to price homes competitively and ensure properties are well-presented, as the market shows signs of stabilization.