November’s real estate statistics show Nova Scotia moving further into a period of balanced market conditions. Sales activity eased, inventory continued to climb, and prices remained stable or increased across key regions. Buyers benefited from greater selection and more time to make informed decisions. Sellers continued to achieve strong results when listings were priced strategically. Halifax and Dartmouth remained the province’s most resilient market, supported by steady demand, population growth, and limited new construction.
Data sourced from CREA/NSAR. View the full November 2025 Nova Scotia Market Data Report here .
Nova Scotia Real Estate Market Snapshot — Actual (Year-over-Year)
| Metric | November 2025 | YoY | Trend |
|---|---|---|---|
| Sales | 754 | 15.0 % | Down |
| New Listings | 934 | 10.1 % | Down |
| Active Listings | 4,168 | 9.9 % | Up |
| Months of Inventory | 5.5 | (from 4.5) | Up |
| Average Price | $469,940 | 6.5 % | Up |
| Median Price | $420,000 | 2.7 % | Up |
| Sale-to-List Ratio | 96.1 % | 1.1 pp | Down |
| Median Days on Market | 48.0 days | (from 43.0) | Up |
Findings:
The year-over-year comparison for Nova Scotia points to a calmer, more balanced market heading into late fall. Sales declined fifteen percent and new listings were down just over ten percent, while active inventory increased nearly ten percent. With more choice on the market and months of inventory rising to 5.5, buyers are gaining time and flexibility compared to recent years.
Even with softer overall activity, prices continued to climb, the average sale price reached $469,940, up six and a half percent year-over-year, and the median price rose to $420,000. Homes are also taking longer to sell, with median days on market increasing to 48 days, reflecting a more patient pace rather than downward pressure on values. For sellers, this reinforces the importance of strategic pricing and strong presentation, while buyers benefit from improved negotiating conditions and a healthier market rhythm.
Nova Scotia Real Estate Market Snapshot — Year-to-Date (YTD)
| Metric | 2025 YTD | YoY | Trend |
|---|---|---|---|
| Sales | 10,464 | 0.0 % | Flat |
| New Listings | 16,374 | 5.6 % | Up |
| Active Listings (avg) | 4,273 | 11.1 % | Up |
| Months of Inventory | 4.5 | (from 4.0) | Up |
| Average Price | $470,964 | 5.0 % | Up |
| Median Price | $432,500 | 3.7 % | Up |
| Sale-to-List Ratio | 97.4 % | 1.4 pp | Down |
| Median Days on Market | 36.0 days | (from 32) | Up |
Findings
The year-to-date data shows that Nova Scotia continues to perform consistently. Sales levels match last year, while new listings and active inventory have increased, creating better balance between supply and demand. Prices have also risen at a steady pace, which reflects continued confidence among buyers. The increase in available inventory suggests a more mature and stable market, where decisions are guided by fundamentals rather than urgency.
Halifax and Dartmouth Real Estate Market Snapshot — Actual (Year-over-Year)
| Metric | November 2025 | YoY | Trend |
|---|---|---|---|
| Sales | 370 | 12.7 % | Down |
| New Listings | 414 | 10.6 % | Down |
| Active Listings | 1,403 | 16.7 % | Up |
| Months of Inventory | 3.8 | (from 2.8) | Up |
| Average Price | $594,365 | 3.7 % | Up |
| Median Price | $550,000 | 2.6 % | Up |
| Sale-to-List Ratio | 97.5 % | 1.1 pp | Down |
| Median Days on Market | 46.5 days | (from 29.5) | Up |
Findings:
Halifax and Dartmouth continue to stand out as the province’s most active and dependable market. Although sales and new listings declined, inventory increased significantly, which helped restore balance. Prices remained strong and continued to rise, supported by steady demand, migration, and limited new housing supply. Homes are taking longer to sell compared with last year, but well-priced properties still attract interest. This shift reflects a more sustainable and predictable market environment.
Halifax and Dartmouth Real Estate Market Snapshot — Year-to-Date (YTD)
| Metric | 2025 YTD | YoY | Trend |
|---|---|---|---|
| Sales | 4,998 | 0.6 % | Flat |
| New Listings | 7,140 | 9.6 % | Up |
| Active Listings (avg) | 1,408 | 16.6 % | Up |
| Months of Inventory | 3.1 | (from 2.6) | Up |
| Average Price | $602,378 | 3.9 % | Up |
| Median Price | $561,912 | 3.7 % | Up |
| Sale-to-List Ratio | 99.3 % | 1.5 pp | Down |
| Median Days on Market | 29.0 days | (from 24) | Up |
Findings:
Halifax and Dartmouth’s year-to-date results show a stable and dependable market. Listing activity expanded by nearly ten percent, inventory rose by more than sixteen percent, and prices continued to appreciate. Buyers now have more options, yet price growth remains healthy. Strong economic conditions, steady in-migration, and the region’s overall desirability continue to reinforce its role as the anchor of Nova Scotia’s housing market.
Market Commentary & Analysis
Nova Scotia’s housing market continues to settle into a more balanced and predictable phase. Sales activity has eased and inventory levels have risen, giving buyers more choice and time to make informed decisions. Prices remain steady across much of the province, signalling that demand is still present even as urgency has diminished. Overall, these conditions support a healthier, more sustainable market environment.
Halifax and Dartmouth remain the province’s anchor market. While sales softened in November, increased inventory and continued population growth are helping restore balance without putting pressure on values. Strong economic fundamentals and limited new construction continue to underpin price stability in the region. As Nova Scotia approaches 2026, market performance points to steady conditions that favour long-term planning over short-term reactions.
Takeaways
For Buyers: Rising inventory levels provide greater selection and improved negotiating conditions. Buyers benefit from having more time to evaluate options, though preparation and pre-approval remain key in a market where well-priced homes continue to attract interest.
For Sellers: Pricing strategy and presentation are increasingly important as homes take longer to sell. Sellers who position their properties accurately and invest in strong marketing are still achieving successful outcomes, particularly in high-demand areas.
For Investors: Current conditions present an opportunity to secure quality assets in a more measured environment. Rental demand remains strong, and Nova Scotia’s long-term economic and population growth fundamentals continue to support value appreciation.
Carlisle’s Note
November’s numbers reinforce the stability we’re seeing on the ground. The market is no longer reacting to rapid shifts and is instead finding a healthier, more balanced rhythm. This creates confidence for buyers, sellers, and investors alike.
Looking ahead, Nova Scotia remains well-positioned for steady, long-term growth. Decisions grounded in fundamentals rather than urgency are likely to perform well as we move into the new year.