Your no-fluff, fact-packed update from Sandra Pike
If you're thinking about buying or selling real estate in Nova Scotia, May 2025 brought some interesting — and at times surprising — developments. With 970 single-family homes sold across the province, we’re seeing strong pockets of activity, even as market dynamics shift subtly toward a buyer-friendlier stance.
Let’s break it all down…
Overall Market Snapshot
970 homes sold out of 1,754 listed — that's a 55.3% sale rate.
88.7% of homes disclosed their sale prices — 860 homes provided complete pricing data.
The remaining 11.3% did not disclose selling price until closing, a common practice in certain areas like the South Shore or more private markets.
Days on Market (DOM)
The time it takes to sell a home tells us a lot about demand:
Average DOM: 38.1 days
Median DOM: 12 days (which means half of homes sold faster than that!)
Nearly 70% of homes sold within 30 days, indicating that demand is alive and well in many corners of Nova Scotia.
DOM Breakdown:
42.5% sold within 7 days – this is a very hot market
27.7% sold within 8–30 days – still active
12.3% sold in 31–60 days – balanced and typical
17.5% took longer than 60 days – slower-moving listings
Pricing Trends
Here’s what sellers across the province were really getting for their homes:
Average Listing Price: $534,760
Average Selling Price: $530,175
Median Selling Price: $500,000
Homes sold, on average, for -0.84% below list price
Sale Price vs List Price:
50.7% sold under asking
24.8% sold at asking
24.5% sold over asking
This tells us that while bidding wars still exist, they’re not dominant — buyers are cautious and price-savvy.
Most Active Communities (by Sales Volume)
These communities led the charge in May:
Halifax: 91 sales | 15.4 DOM | Avg $736,010
Dartmouth: 71 sales | 17.4 DOM | Avg $585,728
Bedford: 31 sales | 49.7 DOM | Avg $857,940
Lower Sackville: 26 sales | 14.3 DOM | Avg $492,763
Eastern Passage: 23 sales | 12.6 DOM | Avg $491,396
Middle Sackville, Timberlea, Glace Bay, Greenwood, Fall River, Truro also had strong performances.
Fastest-Moving Markets (Avg DOM under 15 days)
These towns were on fire:
Sydney River: 4.0 days
Lawrencetown: 4.0 days
Head of Chezzetcook: 5.8 days
Cole Harbour: 9.0 days
Eastern Passage: 12.6 days
Lower Sackville: 14.3 days
In these areas, if you blink, the listing's gone. Sellers, take note: price it right and be ready for offers fast.
Top Districts by Sales Activity
These are the districts with the highest number of single-family home sales in May:
Kings County: 78 sales | Avg $464,939
Lunenburg County: 60 sales | Avg $387,119
Truro/Bible Hill/Stewiacke: 51 sales | Avg $391,981
Timberlea/Prospect/St. Margaret's Bay: 49 sales | Avg $647,585
Sackville: 39 sales | Avg $519,772
Other strong performers included Bedford, East Hants, Lawrencetown, and Spryfield.
Market Takeaways and Strategy
🔥 Hot Markets (Average DOM under 20 days)
Halifax, Dartmouth, Lower Sackville
Cole Harbour, Lawrencetown, Eastern Passage
Strategy: These areas are moving FAST. Homes are getting multiple offers. Sellers: prep early, price smart, and be ready for action.
Balanced Markets (DOM 20–40 days)
Middle Sackville, Timberlea, Kingston, Truro
Strategy: Reasonable timelines for marketing and showings. Price right, and you’ve got room to negotiate if needed.
Premium Markets (Average Price Over $600K)
Fall River: Avg $930,900
Bedford: Avg $857,940
Middle Sackville: Avg $785,106
Halifax & Timberlea also exceed $600K
These areas remain highly desirable, but buyers are still strategic. Pricing needs to be carefully evaluated based on finishes, lot size, and location.
Value Markets (Avg Price Under $400K)
Glace Bay: $243,700
New Glasgow: $351,917
Truro: $387,495
These affordable zones are drawing a lot of attention — from first-time buyers, retirees, and investors alike.
Final Note: Transparency Varies
110 homes (11.3%) didn’t disclose selling price — totally normal for some markets, especially on the South Shore.
Just something to keep in mind when comparing properties.
What It All Means for You
Whether you're buying or selling in Nova Scotia right now, knowledge is your superpower.
For sellers: timing and pricing are everything. We’re in a market that rewards preparation, flexibility, and real-time strategy.
For buyers: opportunities are still out there, especially if you’re open to moving beyond the big urban hubs. Financing is crucial — and so is a good agent who knows what’s moving (hi, it’s me 🙋♀️).
Thinking about making a move? Want to know what your home is worth in today’s market?
Let’s chat — I’d love to help you figure out the smartest next step. Reach out anytime.
