Date Published: May 12th, 2025
The Nova Scotia real estate market showed continued strength in April 2025, with new pricing milestones and increased activity across much of the province. For the third straight month, Nova Scotia set a new record for median sale price — a reflection of ongoing demand and limited supply.
Meanwhile, the Halifax Peninsula remains a highly competitive submarket, with faster sales and near-asking-price offers despite slightly lower year-over-year transaction volume. Inventory levels are beginning to rise in both regions, signalling that we may be entering the early stages of a shift toward more balanced market conditions.
Below is a breakdown of the latest key indicators for both Nova Scotia and the Halifax Peninsula.
MEDIAN SALE PRICE
Nova Scotia
The median sale price in April 2025 was $460,000, a slight increase from $459,000 in March. This marks the third consecutive month of record-setting prices across the province. Year-over-year, the median price has increased by $10,000, up from $450,000 in April 2024.
Halifax Peninsula
The median sale price in April 2025 reached $670,000, up from $640,000 in March. Compared to $626,900 in April 2024, this reflects a strong year-over-year increase of $43,100, highlighting continued demand in this premium market.
MONTHS OF INVENTORY
Nova Scotia
There were 3.5 months of inventory in April, up from 3.2 months in March. While still a seller’s market, this increase suggests the market is slowly trending toward balance, which is typically seen at around four months of inventory.
Halifax Peninsula
Inventory rose to 3.0 months in April, up from 2.5 months in March. Though the market remains tight, this uptick offers a signal of improving supply conditions heading into the summer.
DAYS ON MARKET
Nova Scotia
Homes spent a median of 14 days on the market in April 2025, down from 19 days in March. This quicker pace suggests continued strong buyer interest across the province.
Halifax Peninsula
Median days on market dropped to 14 days in April 2025, down from 22 days the previous month. Properties in this high-demand area are moving rapidly as buyers compete for limited listings.
SALE-TO-LIST PRICE RATIO
Nova Scotia
In April 2025, homes sold for an average of 98.5% of their final list price, up from 97.9% in March. This reflects stronger competition and less room for negotiation as buyer demand remains high.
Halifax Peninsula
The average sale-to-list price ratio rose to 99.3% in April, up from 99.1% the month before. Sellers on the Peninsula are often receiving offers very close to their asking price, underscoring the area’s competitiveness.
SALES VOLUME
Nova Scotia
There were 952 residential sales in April 2025, up from 729 in March and slightly above the 915 sales recorded in April 2024. This indicates strong market activity as we enter the spring selling season.
Halifax Peninsula
The Peninsula recorded 52 sales in April 2025, an increase from 45 in March. While slightly below the 57 sales in April 2024, overall demand remains strong, with limited inventory likely playing a role in restricting total volume.
CONCLUSION & KEY INSIGHTS
The April 2025 market results show continued strength across Nova Scotia, driven by sustained buyer demand, limited supply, and growing competition — particularly outside of Halifax’s urban core. While the Halifax Peninsula remains one of the most desirable and fastest-moving markets, Nova Scotia as a whole has now set median price records for three consecutive months.Although inventory is beginning to rise, the market remains firmly in sellers’ territory. Homes are moving quickly, often with minimal price negotiation, and sales activity is holding strong as we head into peak season.
Key Insights
Pricing Momentum
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Inventory Trends
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Sales Activity
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Market Positioning
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If you’re thinking about entering the market — as a buyer, seller, or investor — now is the time to be strategic. I’d be happy to walk you through how these trends impact your specific goals and what moves to consider next.