Nova Scotia New Construction Market Report

Executive Market Intelligence

• Inventory expansion continues: Active listings increased 71% month-over-month, signaling improved supply conditions and enhanced buyer selection
• Sales normalization: 28% decline in transactions reflects typical spring market adjustment following Q1 surge, with 61% sell-through rate remaining healthy
• Price resilience: Average selling price increased 3.5% despite sales softening, demonstrating sustained value appreciation and premium segment strength
• Metropolitan concentration: Dartmouth led provincial activity with 7 sales, followed by Eastern Passage and Spryfield with 3 each, indicating Halifax Regional Municipality dominance
• Premium positioning: Brunello Estates commanded highest average price at $806K, while 54% of all sales transacted between $500K-$700K
• Builder diversity: No single builder captured more than 20% market share, demonstrating competitive landscape and buyer choice
• Size preference stability: 35% of properties fell in 2,000-2,500 sq ft range, consistent with established family home preferences