Nova Scotia Association of REALTORS® reports slower than average MLS® home sales in November
The number of homes sold through the MLS® System of the Nova Scotia Association of REALTORS® totaled 754 units in November 2025. This was a decline of 15% from November 2024.
Home sales were 15.4% below the five-year average and 16.4% below the 10-year average for the month of November.
On a year-to-date basis, home sales totaled 10,464 units over the first 11 months of the year. This was unchanged (five sales) 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 $426,400 in November 2025, increasing by 5.9% compared to November 2024.
The benchmark price for single-family homes was $423,000, a gain of 7% on a year-over-year basis in November. By comparison, the benchmark price for townhouse/row units was $513,300, down by 4.2% compared to a year earlier, while the benchmark apartment price was $432,500, a minor decrease of 3.1% from year-ago levels.
The average price of homes sold in November 2025 was $469,940, up by 6.5% from November 2024.
The more comprehensive year-to-date average price was $470,964, an increase of 5% from the first 11 months of 2024.
The dollar value of all home sales in November 2025 was $354.3 million, a moderate decrease of 9.5% from the same month in 2024.
The number of new listings fell 10.1% from November 2024. There were 934 new residential listings in November 2025.
New listings were 6.8% below the five-year average and 11.8% below the 10-year average for the month of November.
Active residential listings numbered 4,168 units on the market at the end of November, a gain of 9.9% from the end of November 2024. Active listings haven’t been this high in the month of November in more than five years.
Active listings were 27.4% above the five-year average and 11.7% below the 10-year average for the month of November.
Months of inventory numbered 5.5 at the end of November 2025, up from the 4.3 months recorded at the end of November 2024 and below the long-run average of 5.6 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 | ||||
|---|---|---|---|---|
| November 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Annapolis Valley | 101 | -21.7 | $374,487 | 1.5 |
| Cape Breton | 66 | -14.3 | $260,215 | 0.9 |
| Halifax-Dartmouth | 370 | -12.7 | $594,365 | 3.7 |
| Highland Region | 25 | -30.6 | $299,634 | 17.9 |
| Northern Nova Scotia | 107 | -12.3 | $316,413 | 5.1 |
| South Shore | 70 | -13.6 | $486,386 | 33.1 |
| Yarmouth | 15 | -16.7 | $268,533 | -13.0 |
| Nova Scotia | 754 | -15.0 | $469,940 | 6.5 |
| Nova Scotia Year-To-Date Summary | ||||
|---|---|---|---|---|
| YTD 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Annapolis Valley | 1,512 | -1.2 | $387,019 | 3.9 |
| Cape Breton | 802 | 0.8 | $265,950 | 0.7 |
| Halifax-Dartmouth | 4,998 | -0.6 | $602,378 | 3.9 |
| Highland Region | 414 | 1.0 | $312,978 | 11.9 |
| Northern Nova Scotia | 1,488 | -0.3 | $317,933 | 8.9 |
| South Shore | 1,022 | 6.5 | $438,272 | 12.1 |
| Yarmouth | 228 | -5.0 | $300,216 | 7.9 |
| Nova Scotia | 10,464 | 0.0 | $470,964 | 5.0 |
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
