Executive Summary

February 2026 recorded 214 closed single-family sales across the Halifax Regional Municipality — up from 185 in January — as spring market momentum began to build. The median sold price reached $625,841 against a median list price of $645,721, with 62% of properties selling below asking price. Average days on market for sold homes improved to 45 days, down from 53 in January, while broader active inventory averaged 95 days of exposure.

Year-over-year, February 2026 trails February 2025's 269 closings by 20.4% — a meaningful volume contraction that reflects the broader market rebalancing underway since peak conditions in 2025. In February 2025, 35% of homes sold over asking; in February 2026, that figure is 28%, confirming that buyer leverage has expanded. Average price drops have held in the $32K–$40K range across all four periods, indicating sellers have been slow to adjust list price expectations.

Of the 310 homes listed this month, only 48 (15%) sold within the same calendar month — confirming that most buyers are transacting on seasoned inventory. The conditional pipeline surged to 121 properties at month-start (from 21 in January), signalling that January offer activity is converting strongly and positioning March for elevated closings. With 1,074 total homes on market and 214 sold, the monthly absorption rate stands at 20%.

Year-Over-Year Comparison: Jan/Feb 2025 vs. Jan/Feb 2026

Adding 2025 context reveals meaningful market shifts. February 2025 was the stronger month on a volume basis (269 sales vs. 214 in February 2026), yet February 2026 shows improving pricing dynamics relative to its own January baseline. Notably, the percentage of homes selling over asking has contracted significantly year-over-year — from 35% in February 2025 to 28% in February 2026 — confirming a continued market rebalancing toward buyers.

* Jan/Feb 2026 list and sold prices shown as median. 2025 figures shown as averages per source data. ** Feb 2025 avg over-asking premium reported as $1 in source data; figure may reflect data entry.

Price Segment Comparison — All Four Periods

The $500K–$599K band has been the most consistent performer across all four periods. The upper segments ($800K+) show meaningful year-over-year contraction in 2026 versus 2025. The sub-$400K segment has held relatively steady.

Pricing Performance

Price Segment Distribution

The $500K–$599K band leads February activity with 52 sales, followed by $400K–$499K with 47. Upper-bracket momentum is building: the $800K–$899K range more than doubled from January (9 to 19), and the $1M–$1.5M segment recorded 11 closings.

Highest Sale — February 2026

District-by-District Breakdown

All 25 active districts are analyzed below with sub-district granularity. Each card shows closed-sale performance for February 2026. Districts and sub-districts with only one sale are included for completeness. Note: The CSV dataset contains sold properties only — active, expired, and cancelled inventory is not included in this file and is noted from broader HRM context where available.

Key Observations & Strategic Takeaways

For Sellers

February data confirms that pricing accuracy from day one remains the decisive factor. With 62% of homes selling below asking and active inventory averaging 95 days of exposure, overpriced listings face prolonged market presence and eventual discounting. The districts posting list-to-sold ratios at or above 100% — Districts 10, 12, and 14 among them — give sellers the most pricing latitude. Districts 6, 30, and 35 are operating in segments where buyer resistance is most pronounced.

For Buyers

With 132 active listings carrying price reductions averaging nearly $40,000, motivated sellers are present across the HRM. The $400K–$599K segment offers the deepest pool of available inventory with the highest transaction volume. Bedford (District 20), Kingswood (District 21), and Beaverbank (District 26) represent the strongest mid-to-upper inventory pools for buyers seeking newer construction and larger footprints.

For Investors

District 105 (East Hants/Colchester West) logged 14 sales at an average of 72 days on market — among the longest in the HRM — with a list-to-sold ratio of 96.3%, indicating sellers accepting discounts to close. Sub-district 105-B averaged 111 DOM, flagging a persistent pricing mismatch that patient investors may be able to exploit. District 35 (Halifax County East) posted a 90.1% list-to-sold ratio across 8 sales, the steepest discount in the HRM.