10/19/2026
HRM Market Update | September 2026 🏡📊
The real estate market continued its shift toward more balanced conditions in September, with 4,519 residential properties available for sale, up 17.8% year-over-year. A total of 831 homes sold, down 9.6% from September 2025, while 1,415 new listings came to market, up 1.4%. The median sale price increased 3.5% to $445,000, showing continued price stability despite slower sales activity.
Single-family homes remained relatively stable in pricing despite growing inventory. The average sale price was $484,299, up 0.2% year-over-year, while the median price increased 3.7% to $448,650. Homes took an average of 53 days to sell, slightly faster than the same period last year. Inventory climbed 18.2% to 4,213 homes, providing buyers with more selection and greater flexibility.
The condo market experienced modest growth in sales activity, with 65 condos sold, up 3.2% year-over-year. However, pricing softened, with the average sale price declining 4.1% to $440,985 and the median price decreasing 1.7% to $408,000. Condos spent an average of 55 days on the market, while inventory increased 12.1% to 306 units.
Overall, September's numbers reflect a market where buyers are benefiting from increased inventory and improved negotiating opportunities, while sellers continue to see relatively stable property values despite increased competition. With 5.8 months of residential inventory available, strategic pricing, professional presentation, and effective marketing remain essential to achieving a successful sale.
Whether you're buying, selling, investing, or simply curious about your home's current value, we're always happy to discuss your options and help you navigate today's changing market.
Ian Smith | Cowan-Smith Team
Coldwell Banker Maritime Realty
📞 902-430-5610
