Nova Scotia Association of REALTORS Reports Balanced Market in July 2026

Nova Scotia Association of REALTORS — July 2026

In July 2026, the Nova Scotia Association of REALTORS® reports a composite benchmark price of $429,100, with total sales reaching 1,075 units. This marks a 5.9% decrease in sales compared to July 2025, while the average price of homes sold is $465,412, reflecting a modest increase of 1.5% year-over-year.

Market Analysis

The Nova Scotia real estate market remains balanced as of July 2026, with 5.3 months of inventory available. This is an increase from 4.4 months in July 2025, indicating a growing supply of homes relative to demand. The number of new listings surged to 1,819, the highest for July in over five years, suggesting that sellers are responding to market conditions by increasing their inventory. Active listings also rose to 5,653 units, a 12.3% increase from the previous year, which further supports the balanced market status.

Property Type Analysis

In July 2026, the benchmark price for detached homes stands at $425,200, while attached/townhouse units are priced at $536,000, and apartments at $435,100. The benchmark price for single-family homes shows a slight year-over-year increase of 0.6%, while townhouse prices are nearly unchanged, down 0.6%. Conversely, apartment prices have seen a more significant decline of 7.8% from the previous year, indicating varying demand across property types.

Regional Highlights

Across the province, the overall sales activity has declined by 8.1% year-to-date compared to the same period in 2025, with total sales reaching 6,033 units. The dollar value of home sales in July 2026 is $500.3 million, down 4.6% from July 2025, reflecting a cautious market sentiment. However, the increase in new listings suggests that sellers are optimistic about attracting buyers in a balanced market.

For Buyers

Prospective buyers should take advantage of the current balanced market conditions, as the increase in active listings provides more options to choose from. With prices stabilizing, buyers may find it beneficial to explore various property types and negotiate effectively, particularly for apartments which have seen a notable price decrease.

For Sellers

Sellers are encouraged to capitalize on the influx of new listings by ensuring their properties are competitively priced and well-presented. With active listings at a five-year high, it is essential to differentiate properties through effective marketing strategies to attract potential buyers in this balanced market.