Nova Scotia New Construction Market Report
March 2025 Provincial Analysis
Stats from the Nova Scotia Association of REALTORS® (NSAR)
Total Listings
81
Sold Properties
64
Active Listings
17
Average Selling Price
$602K
Average Square Footage
1,875
Average Price Per SqFt
$327
Quarter 1 Performance Trends: March vs. February
Listings
+50% ↑
54 → 81
Sales
+25% ↑
51 → 64
Avg Price
-9.3% ↓
$664K → $602K
Price/SqFt
-4.8% ↓
$343 → $327
Active Inventory
+467% ↑
3 → 17
Executive Market Intelligence
- Market rebalancing: March saw 50% increase in listings with 25% growth in sales, indicating improving inventory conditions after February's tight supply
- Geographic diversification: Activity spread across 10 major communities, with Lantz (7), Beaver Bank (5), Middle Sackville (5), Fall River (5), and Lower Truro (5) showing balanced distribution
- Builder market share: Marchand Homes captured 11% of total market with 7 properties, demonstrating significant consolidation
- Price accessibility: 38% of sales occurred in $500K-$700K range, while 28% fell in $300K-$500K segment, showing stronger entry-level activity
- Premium segment resilience: Fall River commanded highest average price at $921K, while Middle Sackville led price per square foot at $419
- Size distribution balance: Market showed equilibrium across size segments with 32% in 2,000-2,500 sq ft range
Top 10 Communities by Activity
Price Distribution
Property Size Distribution
Top 10 Builders by Volume
Regional Market Performance - Top 10 Communities
Average Selling Price by Community
Price Per SqFt by Community
