June 2025 Market Update
Date Published: July 8th, 2025
Nova Scotia, Halifax-Dartmouth & the South Shore
“I’ve said it before and I’ll say it again — Nova Scotia’s real estate market is steady and resilient.”
In this month’s report, we dive into:
- Year-over-year (YoY) changes in sales, prices, and inventory
- Regional performance in Halifax-Dartmouth and the South Shore
- Segment trends for condos, townhomes, and high-end listings
- How Nova Scotia compares to major national markets like Ontario and British Columbia
While many larger provinces are seeing more extreme fluctuations, Nova Scotia’s market continues to show measured momentum and market maturity. Inventory is growing, prices are steady, and activity remains healthy, all signs of a market that favours clarity over chaos.
👉 View the full NSAR June Market Report for Nova Scotia
Nova Scotia – Province-Wide Snapshot (YoY)
- Sales: 1,221 → ▲ 7.1% YoY
- New Listings: 1,932 → ▲ 12.9% YoY
- Average Price: $488,760 → ▲ 6.1% YoY
- Active Listings: 4,878 → ▲ 13.9% YoY
- Months of Inventory: 4.0 → ▲ from 3.8 YoY
- Sale-to-List Ratio: 98.3%
- Median Days on Market: 27 → ▲ 1 day YoY
The province-wide market continues to operate in a balanced range (typically 4–6 months of inventory), with price growth that’s sustainable and listings that offer buyers more choice than last year. This isn’t a market being driven by emotion or speculation, it’s a reflection of supply catching up with demand, and buyers becoming more methodical.
Halifax-Dartmouth – Healthy Activity with Room to Breathe (YoY)
- Sales: 511 → ▲ 12.3% YoY
- New Listings: 644 → ▲ 16.2% YoY
- Active Listings: 1,214 → ▲ 15.2% YoY
- Benchmark Price (Composite): $570,700 → ▲ 4.0% YoY
- Months of Inventory: 2.8 → ▲ from 2.5 YoY
- Median Days on Market: 25 → ▲ from 19 YoY
- Sale-to-List Ratios by Property Type:
- Townhouses: 100.3%
- Detached Homes: 99.9%
- Condos: 98.8%
Halifax remains one of the most competitive markets in the province, but it’s showing signs of a more balanced pace. More listings are giving buyers options, and homes are taking slightly longer to sell, but most are still closing near or above list price. Townhomes, in particular, are leading the way in both value and competitiveness.
South Shore – Luxury Lifts the Average, But the Core Holds Steady (YoY)
- Sales: 107 → ▲ 15.1% YoY
- New Listings: 240 → ▲ 20.0% YoY
- Average Price: $430,435 → ▲ 17.7% YoY
- Median Price: $365,000 → ▼ 2.7% YoY
- Median Days on Market: 27 → ▼ from 31 YoY
- Months of Inventory: 6.9 → ▲ from 6.7 YoY
The sharp rise in average sale price on the South Shore was largely driven by a higher volume of luxury and waterfront sales, rather than broad-based appreciation. The median price actually declined, indicating that most homes are selling at or slightly below last year’s levels. With nearly seven months of inventory, buyers here have leverage, but quality listings are still moving efficiently.
Condos – Demand and Pricing Both Weaken (YoY)
- Sales: ▼ 21.4% YoY
- Average Price: $429,111 → ▼ 6.3% YoY
- Median Days on Market: 27 → ▲ from 22 YoY
- Sale-to-List Ratio: 98.8%
Condos had the weakest performance of any segment in June. Both prices and sales volume declined, and units spent more time on market. As buyers prioritize space and flexibility, condos are facing pressure, especially as townhomes become more accessible alternatives. That said, this also opens up opportunity for buyers looking for urban convenience or value plays in a softening segment.
Townhomes – The Market’s Best Performer (YoY)
- Benchmark Price: $493,100 → ▲ 13.2% YoY
Townhomes outpaced all other segments in June, posting strong price growth and sale-to-list ratios above 100%. These homes hit a sweet spot for buyers seeking space, affordability, and location, especially in HRM. With continued competition and tight supply in this category, townhomes are proving to be one of the most resilient and in-demand product types this year.
How Nova Scotia Compares Nationally
While markets in Ontario and British Columbia are experiencing increased inventory, falling prices, and rising buyer hesitation, Nova Scotia is maintaining a steady upward trajectory. The province remains one of the most affordable and stable housing markets in the country, with price points that still make sense for locals and newcomers alike. It’s this insulation from extreme cycles that makes Nova Scotia so unique and so investable.
Final Word: A Market That Favours the Informed
This isn’t a market to fear, it’s one to understand. With prices holding, inventory rising, and different segments moving at different speeds, the buyers and sellers who come out ahead will be those who read the trends, not just the headlines.
Nova Scotia continues to prove itself as one of the most stable and affordable markets in Canada, slightly insulated from the extreme ups and downs experienced in provinces like Ontario and British Columbia. Good decisions now are setting the tone for long-term success. That starts with clear guidance, data you can trust, and advice that’s built for this market, not the last one.
Let’s Talk Strategy
Whether you’re buying, selling, or investing, the best outcomes happen when you start with real data and clear perspective. Let’s talk about what these trends mean for your next move.