MLS® home sales in Nova Scotia remain stable in July; new listings above seasonal norms
The number of homes sold through the MLS® System of the Nova Scotia Association of REALTORS® totaled 1,154 units in July 2025. This was a modest gain of 1.3% (15 sales) from July 2024.
Home sales were 2.1% below the five-year average and 3.3% below the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 6,586 units over the first seven months of the year. This was up modestly by 2.3% from the same period in 2024.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $429,200 in July 2025, up modestly by 2.6% compared to July 2024.
The benchmark price for single-family homes was $422,300, a minor increase of 2.9% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $539,400, a slight reduction of 0.6% compared to a year earlier, while the benchmark apartment price was $482,500, increasing by 1.2% from year-ago levels.
The average price of homes sold in July 2025 was $457,812, essentially unchanged, up just 0.8% from July 2024.
The more comprehensive year-to-date average price was $474,707, a moderate gain of 4.8% from the first seven months of 2024.
The dollar value of all home sales in July 2025 was $528.3 million, increasing by 2.1% from the same month in 2024. This was also a new record for the month of July.
The number of new listings saw a modest gain of 3.4% from July 2024. There were 1,784 new residential listings in July 2025. This was the largest number of new listings added in the month of July in five years.
New listings were 5.9% above the five-year average and 1.8% above the 10-year average for the month of July.
Active residential listings numbered 5,032 units on the market at the end of July, up by 11.4% from the end of July 2024. Active listings haven’t been this high in the month of July in more than five years.
Active listings were 28.4% above the five-year average and 14% below the 10-year average for the month of July.
Months of inventory numbered 4.4 at the end of July 2025, up from the 4 months recorded at the end of July 2024 and below the long-run average of 5.2 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
| Nova Scotia Monthly Summary | ||||
|---|---|---|---|---|
| July 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Annapolis Valley | 175 | -9.3 | $377,852 | -3.9 |
| Cape Breton | 88 | 0.0 | $268,158 | -13.0 |
| Halifax-Dartmouth | 524 | -2.8 | $580,449 | 1.5 |
| Highland Region | 48 | 17.1 | $312,961 | 15.4 |
| Northern Nova Scotia | 176 | 18.1 | $322,870 | 11.9 |
| South Shore | 117 | 4.5 | $469,418 | 13.0 |
| Yarmouth | 26 | 52.9 | $294,951 | -10.7 |
| Nova Scotia | 1,154 | 1.3 | $457,812 | 0.8 |
| Nova Scotia Year-To-Date Summary | ||||
|---|---|---|---|---|
| YTD 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Annapolis Valley | 963 | 2.3 | $389,485 | 3.5 |
| Cape Breton | 475 | 2.4 | $269,795 | 2.0 |
| Halifax-Dartmouth | 3,228 | 1.5 | $605,700 | 3.9 |
| Highland Region | 251 | 6.4 | $304,061 | 10.4 |
| Northern Nova Scotia | 920 | 2.4 | $314,548 | 9.5 |
| South Shore | 621 | 8.8 | $424,691 | 9.2 |
| Yarmouth | 128 | -11.1 | $301,260 | 10.4 |
| Nova Scotia | 6,586 | 2.3 | $474,707 | 4.8 |
BOARD & ASSOCIATION INFORMATION
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).
NSAR represents more than 2000 brokers, salespeople and affiliate (e.g. solicitors, appraisers, banks) members throughout the province. The Association serves its members through a wide variety of educational programs, publications and special services with the vision that learning and sharing real estate knowledge will help the profession advance. Through an agreement with the Nova Scotia Real Estate Commission, NSAR provides all real estate licensing courses in the province. REALTOR® is a trademark, which identifies real estate professionals who are members of The Canadian Real Estate Association and, as such, subscribe to a high standard of professional service and a strict Code of Ethics.
For more information,
please contact:
Tanya White
(902) 468-5874 or 1 (800) 344-2001
twhite@nsar.ns.ca
Suzanne Gravel
