Explore this month’s Halifax and Nova Scotia real estate trends, from sales and pricing shifts to inventory growth across key regions.
Halifax Real Estate Market Highlights — September 2025
| Region | Sales (YoY) |
Average Price (YoY) |
Active Listings (YoY) |
Months of Inventory |
Days on Market |
|---|---|---|---|---|---|
| Halifax–Dartmouth 417 sales |
▼ 4.1% | ▲ 1.2% $583,004 |
▲ 19.0% 1,668 listings |
4.0 (↑ from 3.2) | 33 (↑ from 25) |
| Nova Scotia (Overall) 994 sales |
▲ 4.9% | ▲ 3.8% $457,658 |
▲ 9.2% 4,961 listings |
5.0 (↑ from 4.8) | 46 (↑ from 35) |
Halifax Real Estate Market Trend Overview
September’s numbers confirm that the Halifax real estate market trends show balance across Nova Scotia, with prices steady and listings up. Sales activity remains steady, prices continue to edge upward, and inventory is gradually returning to healthier levels, providing buyers and sellers with more predictable conditions after several years of volatility.
At the same time, the contrast between Halifax and the rest of the province continues to define the broader market story.
Halifax Real Estate Market Trends: A Cooling but Confident Urban Market
Halifax–Dartmouth, the province’s largest and most active region, saw 417 residential sales in September, a 4.1% decline compared to last year. Despite the softer pace, prices remain firm, with the average sale price rising 1.2% to $583,004 and the benchmark price climbing 3.9% to $559,100.
More listings continue to reach the market: 735 new listings (+9.9% YoY) brought total active inventory up 19.0% to 1,668 homes, the highest in over two years. This increased supply has pushed months of inventory to 4.0, up from 3.2 last year, signaling a shift from a seller’s market toward more balanced conditions.
Homes are taking a little longer to sell, with a median of 33 days on market, compared to 25 a year ago. The sale-to-list price ratio dipped slightly to 98.4% (from 99.7%), showing that while competitive offers still happen, pricing precision matters more than ever.
By property type: – Single-family homes: $574,000 (▲ 5.1% YoY) – Townhouses: $538,200 (▼ 2.4% YoY) – Apartments: $458,500 (▼ 3.9% YoY)
The takeaway: Halifax remains fundamentally strong, supported by population growth, employment stability, and ongoing housing demand. The cooling pace reflects normalization, not weakness, a sign that the market is regaining sustainability.
Nova Scotia Real Estate Trends: Balanced Growth Province-Wide
Across Nova Scotia, the market remains steady with signs of broadening stability. 994 homes sold in September, up 4.9% year-over-year, the third consecutive month of annual growth.
Inventory also rose: 1,592 new listings (+10.9%) pushed active listings to 4,961 (+9.2%), giving the province 5 months of inventory, up slightly from 4.8 in 2024.
Prices continue to trend upward but at a sustainable pace: – Average price: $457,658 (▲ 3.8%) – Median price: $410,000 (▲ 2.8%) – Benchmark composite price: $430,000 (▲ 4.6%)
Homes took a median 46 days to sell, compared to 35 days last year, and the sale-to-list ratio averaged 96.3%, consistent with a balanced, well-functioning market.
The strongest growth remains in single-family homes, up 5.6% year-over-year, while townhouses (-2.7%) and apartments (-3.9%) have softened slightly, a natural outcome as higher borrowing costs affect entry-level affordability more than detached properties.
What This Means for the Halifax & Nova Scotia Real Estate Markets
Both Halifax and Nova Scotia as a whole are moving through a normalization phase, one where the fundamentals remain healthy, but the pace has become more sustainable.
- Buyers are gaining leverage and time to make decisions.
- Sellers must adapt with sharper pricing and presentation strategies.
- Investors benefit from a calmer, more data-driven environment where value and cash flow matter more than speed.
The current balance between supply and demand, coupled with continued population growth, points to a solid foundation for long-term appreciation once interest rates begin to ease.
Bottom Line
Nova Scotia’s housing market in September 2025 is neither hot nor cold, it’s stable, rational, and healthy. Halifax continues to anchor provincial activity, while smaller markets contribute steady growth as inventory rebuilds.
For buyers, it’s a window of opportunity to purchase with less competition. For sellers, it’s a reminder that pricing and preparation drive results. For investors, it’s confirmation that Nova Scotia’s fundamentals remain among the most dependable in Atlantic Canada.