🏡 Single Family Homes – Steady, Tight, and Still Seller-Leaning
In February 2026, there were 223 single-family home sales, down from 264 in February 2025. That’s a noticeable dip in volume year over year—but not dramatic.
The average price softened slightly to $620,444, compared to $625,104 last year. That’s essentially flat in the broader context, especially considering economic uncertainty and interest rate conversations that continue to shape buyer psychology.
On the supply side:
New listings dropped from 357 to 314
Active inventory edged up slightly from 669 to 676
Months of supply sits at 1.9, nearly identical to last year
What does that mean?
We are still firmly in a seller-favoured market.
Anything under 3–4 months of supply typically indicates upward pricing pressure, and at 1.9 months, inventory remains tight. Well-prepared, well-priced homes are still attracting strong interest—especially in desirable neighbourhoods and price bands.
That said, buyers are more measured than they were during peak frenzy years. Strategy matters more now. Overpricing is being exposed quickly. Preparation and positioning remain everything.
🏙️ Condos – Price Spike, But There’s Context
The condo numbers look exciting at first glance.
The average condo price jumped to $492,599, up from $475,491 a year ago.
However, context is important.
Sales volume was relatively low, and the average was skewed upward by several luxury sales over $1M—including a $2.5M sale at The Roy (The Roy).
When high-end units trade in a smaller data set, they can disproportionately move the average. This doesn’t necessarily mean every condo has appreciated by that margin.
Inventory tells a slightly different story:
184 condos currently for sale in HRM
Up from 144 a year ago
Months of supply: 3.4
While inventory remains elevated year over year, it appears to be trending downward. At 3.4 months of supply, we’re in a more balanced environment compared to detached homes.
This means:
Buyers have more choice.
Sellers need to be sharp on pricing and presentation.
Luxury product can still perform extremely well.
So, What’s the Big Picture?
Here’s what February tells us:
The detached market remains tight and competitive.
The condo market is stabilizing, with premium units driving headline numbers.
Inventory is not flooding the market.
We are not in a downturn—but we are in a more strategic market.
For sellers, this is not 2021.
For buyers, this is not a crash.
It’s a market that rewards preparation, pricing discipline, and strong negotiation.
My Perspective
From what I’m seeing on the ground here in Halifax, motivated buyers are still transacting. Sellers who understand positioning are still achieving strong outcomes. The key difference in 2026?
The margin for error is smaller.
If you're thinking about:
Selling in the spring market
Upgrading or downsizing
Evaluating your condo’s value
Or simply understanding where you stand
It’s worth having a conversation grounded in data—not headlines.
As always, my role is to empower you with the information, strategy, and professional advice you need to make the best move possible.
If you’d like a personalized market analysis for your property, I’m happy to put one together.
— Chris
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