Executive Summary

Halifax Regional Municipality's single-family market opened 2026's spring season with vigour. March saw 460 new listings hit the market — one of the most active months for new supply in recent memory — while 110 properties closed during the reporting period at an average sale price of $663,552. Sandra Pike's analysis of the data reveals a market moving at extraordinary speed: the median days on market for closed sales was just 4 days, confirming that well-priced inventory is being absorbed almost immediately.

The pricing dynamic is balanced but competitive. Exactly 41.8% of sales closed above asking price, another 41.8% closed below, and 16.4% transacted at full asking price. Over-asking premiums averaged $22,470 while under-asking discounts averaged $23,463 — a near-symmetrical negotiation landscape. New inventory skews toward the upper market: 45% of active listings are priced above $800,000, well above the $575,021 median sold price, signalling a potential price gap between seller expectations and proven buyer demand.

March Listing Absorption

Of the 460 homes listed in March, the market has already absorbed 36.5% through sales or conditional offers — a strong early absorption rate for listings less than one month old. The remaining 287 active listings will form the foundation of April's available inventory.

Pricing Performance Analysis

March's pricing dynamics tell a story of equilibrium. The split between over-asking and under-asking sales is perfectly balanced at 41.8% each, with the remaining 16.4% transacting at full price. The average SP/LP ratio of 100.4% and SP/OP ratio of 100.3% confirm that, in aggregate, sellers are achieving prices very close to — or marginally above — their asking prices.

Metric	Value
Average SP/LP Ratio	100.4%
Median SP/LP Ratio	100.0%
Average SP/OP Ratio	100.3%
Average Price per SqFt (Sold)	$337
Median Price per SqFt (Sold)	$309
Sold with Price Reductions	3 (2.7%)

Price Segment Analysis

Demand is concentrated squarely in the $500K–$600K bracket, which captured nearly one-third of all closed sales. The first-time buyer range ($400K–$600K) collectively represented 46.3% of transactions, while the move-up market ($600K–$800K) accounted for 27.3%. The luxury segment ($1M+) delivered 7 sales — a healthy showing — but buyers in this range are more selective.

Price Segment	Sales	% Share	Avg Price	Avg DOM
Under $300,000	2	1.8%	$209,950	3 days
$300,000 – $400,000	9	8.2%	$352,711	4 days
$400,000 – $500,000	16	14.5%	$457,064	11 days
$500,000 – $600,000	35	31.8%	$550,344	5 days
$600,000 – $700,000	20	18.2%	$641,358	5 days
$700,000 – $800,000	10	9.1%	$755,686	5 days
$800,000 – $1,000,000	11	10.0%	$905,757	5 days
$1,000,000+	7	6.4%	$1,782,003	5 days

Inventory Gap: Where Sellers Are Listing vs. Where Buyers Are Buying

A significant gap is emerging between the price points where sellers are listing and where buyers are transacting. Nearly half of active inventory (45.3%) is priced at $800,000 or above, yet only 16.4% of March sales closed in that range. Conversely, the $500K–$700K range — representing half of all sales — accounts for just 42.1% of active listings. This mismatch suggests upper-market sellers may face extended market exposure while the mid-market remains under-supplied relative to demand.

Top 5 Highest Sales

March's five highest-value transactions spanned from the Halifax Peninsula to Bedford, confirming that premium buyers remain active across HRM's most desirable corridors.

Districts Ranked by Sales Volume

Sackville led all HRM districts with 12 closed sales in March, followed closely by Timberlea/Prospect/St. Margaret's Bay with 11 and Woodlawn/Portland Estates with 9. These three districts collectively accounted for 29% of all HRM sales.

Failed Listings: Expired, Cancelled & Withdrawn

Only 5 of 460 March listings failed — a remarkably low 1.1% failure rate. However, the details are instructive. Both expired listings were priced above $650,000, both cancelled listings were above $849,000, and the lone withdrawn listing was at $524,900. Even in a fast-moving spring market, aggressive pricing at upper tiers carries risk.

Strategic Takeaways

For Sellers

March 2026 is a strong seller's market — if you price accurately. The 4-day median DOM proves that buyers are ready and motivated, but the data is equally clear that the market will not chase overpriced listings. Properties in the $500K–$700K core demand zone are selling fastest, while listings above $800,000 face a crowded active inventory of 92 competing properties. Sandra Pike advises sellers entering the market to focus on day-one impact: competitive pricing, professional presentation, and a strategic listing launch designed to generate multiple offers rather than slow-burn negotiations.

For Buyers

Expect competition in the $500K–$600K sweet spot, where nearly one-third of all sales are occurring. Move-up buyers in the $700K–$1M range have more selection and negotiating leverage, particularly among listings that have been on market for 10+ days. Entry-level buyers under $400K face extremely limited inventory — just 9 active listings across all of HRM — so speed and preparation are essential. The upper market ($1M+) offers 47 active options for qualified purchasers, with several properties already showing price reductions.

District-by-District Performance

The following section provides a comprehensive breakdown of every HRM district and sub-district, covering new listings, closed sales, pricing metrics, SP/LP ratios, days on market, and any expired, cancelled, or withdrawn listings. All data reflects March 2026 activity from NSAR MLS exports.

District 1 — Halifax Central

District 2 — Halifax South

Metric	Value
SP/LP Ratio	100.6%
SP/OP Ratio	100.6%
Sold Over Asking	2 (67%)
Sold At Asking	0 (0%)
Sold Under Asking	1 (33%)
Avg $/SqFt	$664
Highest Sale	$1,925,000 — Francklyn Street
Active Inventory	7

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
2-A	2	0	0	2	—	—
2-B	5	1	1	4	$800,000	14
2-C	4	2	2	1	$1,650,000	4

District 3 — Halifax North

Metric	Value
SP/LP Ratio	99.6%
SP/OP Ratio	99.6%
Sold Over Asking	1 (25%)
Sold At Asking	0 (0%)
Sold Under Asking	3 (75%)
Avg $/SqFt	$408
Highest Sale	$775,000 — Stairs Place
Active Inventory	2

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
3-A	5	3	0	2	$653,333	8
3-B	2	1	1	0	$775,000	5

District 4 — Halifax West

Metric	Value
SP/LP Ratio	100.3%
SP/OP Ratio	100.3%
Sold Over Asking	3 (38%)
Sold At Asking	1 (12%)
Sold Under Asking	4 (50%)
Avg $/SqFt	$442
Highest Sale	$1,250,000 — Connolly Street
Active Inventory	4

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
4-A	3	2	0	1	$979,000	4
4-B	5	3	2	1	$987,333	1
4-C	5	3	2	2	$686,667	4

District 5 — Fairmount, Clayton Park, Rockingham

Metric	Value
SP/LP Ratio	99.9%
SP/OP Ratio	99.9%
Sold Over Asking	1 (20%)
Sold At Asking	1 (20%)
Sold Under Asking	3 (60%)
Avg $/SqFt	$313
Highest Sale	$1,021,021 — Theresa McNeil Grove
Active Inventory	10

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
5-A	5	4	0	1	$664,225	1
5-B	1	1	0	0	$1,021,021	6
5-C	3	0	0	3	—	—
5-D	4	0	1	3	—	—
5-F	4	0	2	2	—	—
5-G	1	0	0	1	—	—

District 6 — Fairview

Metric	Value
SP/LP Ratio	99.8%
SP/OP Ratio	99.8%
Sold Over Asking	0 (0%)
Sold At Asking	0 (0%)
Sold Under Asking	1 (100%)
Avg $/SqFt	$204
Highest Sale	$614,010 — Hillcrest Street
Active Inventory	4

District 7 — Spryfield

Metric	Value
SP/LP Ratio	102.8%
SP/OP Ratio	102.8%
Sold Over Asking	2 (67%)
Sold At Asking	0 (0%)
Sold Under Asking	1 (33%)
Avg $/SqFt	$364
Highest Sale	$575,000 — Walter Havill Drive
Active Inventory	16

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
7-A	6	3	0	3	$482,483	3
7-B	6	0	1	5	—	—
7-C	7	0	2	5	—	—
7-D	4	0	0	3	—	—

District 8 — Armdale/Purcell's Cove/Herring Cove

Metric	Value
SP/LP Ratio	100.0%
SP/OP Ratio	100.0%
Sold Over Asking	2 (100%)
Sold At Asking	0 (0%)
Sold Under Asking	0 (0%)
Avg $/SqFt	$264
Highest Sale	$2,000,000 — Pinehaven Drive
Active Inventory	3

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
8-A	1	0	1	0	—	—
8-B	2	2	0	0	$1,320,000	9
8-C	3	0	1	2	—	—
8-E	2	0	1	1	—	—

District 9 — Harrietsfield, Sambr And Halibut Bay

Metric	Value
SP/LP Ratio	99.1%
SP/OP Ratio	99.1%
Sold Over Asking	0 (0%)
Sold At Asking	0 (0%)
Sold Under Asking	1 (100%)
Avg $/SqFt	$279
Highest Sale	$525,000 — Old Sambro Road
Active Inventory	3

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
9-A	5	1	2	2	$525,000	8
9-B	1	0	0	1	—	—

District 10 — Dartmouth Downtown to Burnside

Metric	Value
SP/LP Ratio	125.6%
SP/OP Ratio	125.6%
Sold Over Asking	1 (100%)
Sold At Asking	0 (0%)
Sold Under Asking	0 (0%)
Avg $/SqFt	$391
Highest Sale	$565,000 — Victoria Road
Active Inventory	1

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
10-B	1	0	0	1	—	—
10-C	1	1	0	0	$565,000	4

District 11 — Dartmouth Woodside, Eastern Passage, Cow Bay

Metric	Value
SP/LP Ratio	103.1%
SP/OP Ratio	102.2%
Sold Over Asking	3 (75%)
Sold At Asking	0 (0%)
Sold Under Asking	1 (25%)
Avg $/SqFt	$369
Highest Sale	$850,000 — Cow Bay Road
Active Inventory	7

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
11-A	1	1	1	0	$360,500	2
11-B	9	2	1	6	$513,750	10
11-C	2	1	0	1	$850,000	1

District 12 — Southdale, Manor Park

Metric	Value
SP/LP Ratio	96.0%
SP/OP Ratio	96.0%
Sold Over Asking	1 (25%)
Sold At Asking	0 (0%)
Sold Under Asking	3 (75%)
Avg $/SqFt	$443
Highest Sale	$570,000 — Macrae Avenue
Active Inventory	5

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
12-A	2	0	0	2	—	—
12-B	1	0	0	1	—	—
12-D	7	4	2	2	$500,000	28

District 13 — Crichton Park, Albro Lake

District 14 — Dartmouth Montebello, Port Wallace, Keystone

Metric	Value
SP/LP Ratio	100.4%
SP/OP Ratio	100.4%
Sold Over Asking	1 (25%)
Sold At Asking	3 (75%)
Sold Under Asking	0 (0%)
Avg $/SqFt	$307
Highest Sale	$992,660 — 130 Gardenia Way
Active Inventory	5

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
14-A	3	1	2	1	$753,000	5
14-B	9	3	2	4	$757,487	12

District 15 — Forest Hills

Metric	Value
SP/LP Ratio	99.3%
SP/OP Ratio	98.6%
Sold Over Asking	4 (57%)
Sold At Asking	0 (0%)
Sold Under Asking	3 (43%)
Avg $/SqFt	$288
Highest Sale	$887,500 — Montague Road
Active Inventory	9

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
15-A	3	3	1	0	$554,500	8
15-B	6	2	1	4	$527,700	2
15-C	6	1	1	3	$575,042	6
15-D	3	1	0	2	$500,000	6

District 16 — Colby Area

Metric	Value
SP/LP Ratio	105.3%
SP/OP Ratio	105.3%
Sold Over Asking	4 (80%)
Sold At Asking	0 (0%)
Sold Under Asking	1 (20%)
Avg $/SqFt	$306
Highest Sale	$655,000 — Sherwood Street
Active Inventory	8

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
16-A	6	1	2	3	$610,000	3
16-B	2	2	1	0	$588,500	2
16-C	4	2	0	2	$528,000	4
16-D	3	0	0	3	—	—

District 17 — Woodlawn, Portland Estates, Nantucket

Metric	Value
SP/LP Ratio	103.9%
SP/OP Ratio	103.9%
Sold Over Asking	8 (89%)
Sold At Asking	1 (11%)
Sold Under Asking	0 (0%)
Avg $/SqFt	$296
Highest Sale	$901,000 — Portland Hills Drive
Active Inventory	6

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
17-A	3	3	1	0	$664,500	3
17-B	8	5	5	0	$477,380	5
17-C	3	1	1	1	$609,000	5
17-D	1	0	0	1	—	—
17-E	3	0	0	3	—	—
17-F	1	0	0	1	—	—

District 20 — Bedford

Metric	Value
SP/LP Ratio	95.8%
SP/OP Ratio	95.8%
Sold Over Asking	0 (0%)
Sold At Asking	0 (0%)
Sold Under Asking	2 (100%)
Avg $/SqFt	$516
Highest Sale	$3,800,000 — Shore Drive
Active Inventory	22

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
20-A	15	0	3	12	—	—
20-B	6	1	1	4	$530,000	1
20-C	2	1	0	1	$3,800,000	4
20-F	8	0	3	5	—	—

District 21 — Kingswood, Haliburton Hills, Hammonds Pl.

Metric	Value
SP/LP Ratio	98.0%
SP/OP Ratio	98.0%
Sold Over Asking	0 (0%)
Sold At Asking	0 (0%)
Sold Under Asking	1 (100%)
Avg $/SqFt	$348
Highest Sale	$735,000 — Yew Street
Active Inventory	28

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
21-A	21	1	2	19	$735,000	8
21-B	13	0	3	9	—	—

District 25 — Sackville

Metric	Value
SP/LP Ratio	99.6%
SP/OP Ratio	99.6%
Sold Over Asking	3 (25%)
Sold At Asking	1 (8%)
Sold Under Asking	8 (67%)
Avg $/SqFt	$278
Highest Sale	$699,000 — Baker Drive
Active Inventory	17

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
25-A	6	2	3	3	$580,000	6
25-B	2	1	1	1	$515,000	14
25-C	3	2	1	1	$420,000	2
25-D	11	3	5	4	$533,733	3
25-F	9	3	1	6	$438,500	3
25-G	4	1	2	2	$699,000	4

District 26 — Beaverbank, Upper Sackville

Metric	Value
SP/LP Ratio	100.3%
SP/OP Ratio	100.3%
Sold Over Asking	3 (43%)
Sold At Asking	2 (29%)
Sold Under Asking	2 (29%)
Avg $/SqFt	$342
Highest Sale	$715,000 — Honeysuckle Road
Active Inventory	18

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
26-A	17	3	1	12	$652,133	4
26-B	11	4	1	6	$551,225	5

District 30 — Waverley, Fall River, Oakfield

Metric	Value
SP/LP Ratio	96.6%
SP/OP Ratio	96.6%
Sold Over Asking	0 (0%)
Sold At Asking	2 (50%)
Sold Under Asking	2 (50%)
Avg $/SqFt	$395
Highest Sale	$630,000 — Canterbury Lane
Active Inventory	21

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
30-A	2	0	0	2	—	—
30-B	9	2	1	7	$580,000	12
30-D	9	0	2	7	—	—
30-E	7	2	1	5	$479,900	8

District 31 — Lawrencetown, Lake Echo, Porters Lake

Metric	Value
SP/LP Ratio	100.0%
SP/OP Ratio	100.0%
Sold Over Asking	1 (50%)
Sold At Asking	1 (50%)
Sold Under Asking	0 (0%)
Avg $/SqFt	$305
Highest Sale	$999,900 — Notting Hill Road
Active Inventory	10

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
31-A	7	2	3	3	$824,950	4
31-C	7	0	0	7	—	—

District 35 — Halifax County East

Metric	Value
SP/LP Ratio	96.7%
SP/OP Ratio	96.7%
Sold Over Asking	0 (0%)
Sold At Asking	1 (33%)
Sold Under Asking	2 (67%)
Avg $/SqFt	$292
Highest Sale	$345,000 — McMullin Road
Active Inventory	17

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
35-A	12	1	2	10	$229,900	3
35-B	4	1	1	3	$345,000	6
35-C	5	1	1	4	$305,000	11

District 40 — Timberlea, Prospect, St. Margaret's Bay

Metric	Value
SP/LP Ratio	99.3%
SP/OP Ratio	99.2%
Sold Over Asking	4 (36%)
Sold At Asking	3 (27%)
Sold Under Asking	4 (36%)
Avg $/SqFt	$287
Highest Sale	$970,000 — White Pine Ridge
Active Inventory	33

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
40-A	26	6	4	15	$705,823	1
40-B	16	5	1	12	$634,964	6
40-C	2	0	0	2	—	—
40-D	3	0	0	3	—	—

District 105 — East Hants/Colchester West

Metric	Value
SP/LP Ratio	99.4%
SP/OP Ratio	99.4%
Sold Over Asking	2 (29%)
Sold At Asking	2 (29%)
Sold Under Asking	3 (43%)
Avg $/SqFt	$259
Highest Sale	$664,900 — Grove Street
Active Inventory	27

Sub-District	Listed	Sold	Cond	Active	Avg Sold	Avg DOM
105-A	6	1	2	4	$190,000	3
105-B	13	3	1	10	$486,633	5
105-C	3	0	0	3	—	—
105-D	14	3	2	10	$583,433	3