Nova Scotia Real Estate Market Update - April 2025
At Chisholm Group, we’re always keeping an eye on the latest real estate trends to help our clients make informed decisions. The latest data from the Nova Scotia Association of REALTORS® and the Canadian Real Estate Association for April 2025 reveals some intriguing insights into the province’s real estate market.
Key Takeaways for Nova Scotia:
Sales Activity: Residential sales activity in April 2025 reached 1,025 units, marking a slight 3.4% increase from April 2024. This indicates a steady demand despite fluctuating market conditions over the past few years.
Average Home Price: The average home price in Nova Scotia rose by 2.3% from the previous year, now sitting at $477,925. This shows consistent growth, reinforcing Nova Scotia’s appeal as a place to live and invest.
New Listings: There were 1,745 new listings in April 2025, up 3.1% from April 2024. This increase in inventory could help balance the market, offering more options for buyers.
Active Listings: The total number of active listings also rose by 12.2%, reaching 3,954. This growing inventory is good news for buyers looking for a wider range of properties.
Market Dynamics: The sales-to-new-listings ratio remains balanced at 58.7%, suggesting a steady market where properties are neither overly scarce nor overly abundant.
Median Days on Market: Homes in Nova Scotia now spend an average of 29 days on the market, a slight increase from previous months but still indicative of a competitive environment.
Nova Scotia MLS® Residential Market Activity. Source: Nova Scotia Residential Market Activity and MLS® Home Price Index Report April 2025
Key Takeaways for Halifax - April 2025
While the overall Nova Scotia market shows steady growth, Halifax stands out with even more pronounced trends:
Sales Activity: Halifax recorded 511 residential sales in April 2025, accounting for nearly 50% of the province’s 1,025 total sales. This surge underscores the strong demand for housing in the city, driven by urban amenities and economic opportunities.
Average Home Price: The average home price in Halifax stands at $603,267, notably higher than the provincial average of $477,925. This reflects a strong demand for urban properties, especially in sought-after neighborhoods like Downtown, Bedford, and Clayton Park.
New Listings: Halifax saw 786 new listings in April 2025, making up a substantial portion of the 1,745 new listings across Nova Scotia. Despite this increase, demand remains high, keeping market conditions competitive.
Active Listings: Halifax had 1,326 active listings by the end of April, a key contributor to the 3,954 active listings reported province-wide. This indicates a growing inventory, but not enough to offset the rapid sales pace.
Market Dynamics: The sales-to-new-listings ratio in Halifax is approximately 65%, slightly higher than the provincial ratio of 58.7%.
Median Days on Market: The average time to sell a home in Halifax is just 23 days, compared to 29 days across Nova Scotia. This faster turnaround time reflects ongoing buyer demand and limited supply in key areas.
HALIFAX-DARTMOUTH MLS® Residential Market Activity. Source: Nova Scotia Residential Market Activity and MLS® Home Price Index Report April 2025
What Does This Mean for You?
For buyers in Halifax, the surge in new listings provides more options, but the market remains competitive with properties selling in just 23 days on average. With the average home price now at $603,267, acting quickly is crucial, especially in high-demand areas like Downtown, Bedford, and Dartmouth.
For sellers, the ongoing price growth and rapid sales pace create an ideal environment to list properties. With a sales-to-new-listings ratio of 65%, the market still leans toward sellers, particularly for well-maintained homes in desirable neighborhoods.
At Chisholm Group, we’re committed to helping you navigate Halifax’s dynamic market, whether you’re buying, selling, or investing. With our deep market knowledge and tailored guidance, we can help you make strategic decisions to maximize your real estate goals.
Ready to take the next step? Contact us today for personalized advice and insights specific to the Halifax real estate market.
