Nova Scotia Association of REALTORS Reports Balanced Market in June 2026

Nova Scotia Association of REALTORS — June 2026

In June 2026, the Nova Scotia Association of REALTORS® reports a composite benchmark price of $431,700, with total home sales reaching 1,190 units. New listings increased to 2,037, contributing to a balanced market condition.

Market Analysis

The real estate market in Nova Scotia remains balanced as of June 2026, with the number of homes sold through the MLS® System totaling 1,190 units. This figure reflects a modest decline of 1.6% from June 2025 and is 3.5% below the five-year average. The overall MLS® Home Price Index (HPI) composite benchmark price has seen a slight decrease of 1.3% year-over-year, indicating stable pricing trends despite fluctuations in sales volume. Active listings have risen to 5,405 units, marking a 10.3% increase from the previous year, which has contributed to a months of inventory figure of 4.5, slightly up from 4.6 in May 2026.

Property Type Analysis

When examining property types, the benchmark price for single-family homes stands at $427,900, showing a minor decline of 0.8% year-over-year. In contrast, townhouse/row units have experienced a more significant decrease of 4.1%, with a benchmark price of $531,400, while apartments have seen a moderate decline of 6.4%, bringing their benchmark price to $439,300. These trends suggest varying levels of demand across different property types, with single-family homes remaining relatively stable compared to the other categories.

Regional Highlights

Across the province, new listings have increased by 6.9% compared to June 2025, indicating a growing supply in the market. Active listings have reached levels not seen in over five years, with a notable 28.1% increase above the five-year average. This influx of inventory may provide more options for buyers, particularly in regions where demand has previously outstripped supply.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to explore a wider range of properties. With an increase in active listings, buyers are encouraged to conduct thorough research and consider their options carefully, as the variety of homes available may lead to better negotiation opportunities.

For Sellers

Sellers should take note of the increased inventory levels and the slight decline in benchmark prices. To remain competitive, it is advisable for sellers to price their homes strategically and ensure they are in optimal condition to attract potential buyers in this balanced market.