New Brunswick REALTORS® du Nouveau Brunswick

The number of homes sold through the MLS® System of the New Brunswick REALTORS® du Nouveau Brunswick totaled 925 units in May 2026. This was a decline of 12.4% from May 2025.

Home sales were 9.2% below the five-year average and 9.2% below the 10-year average for the month of May.

On a year-to-date basis, home sales totaled 3,358 units over the first five months of the year. This was a decline of 7.3% from the same period in 2025.

At the local level home sales activity recorded declines in all areas of the province, falling in Saint John (-0.9%), Fredericton (-8.8%), Northern and Valley Regions (-17.3%), and Greater Moncton (-19.8%) on a year-over-year basis.

“May delivered a mixed but steady picture for the housing market. Sales were lower than last year but improved from April, even though activity remained well below what we would normally expect for this time of year. New listings increased for the fifth straight month and were right around typical May levels as we hit the middle of the traditionally busy spring market,” said Justin Morehouse, Chair of the New Brunswick REALTORS® du Nouveau Brunswick. “Active listings also rose for the fourth consecutive month and were hovering well above the five-year average for May, which helped keep overall market conditions largely balanced, though still tilted slightly in favour of sellers. The MLS® HPI Composite Benchmark Price rose for the sixth month in a row, posting double-digit year-over-year gains across most housing categories with apartments being the notable exception.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $352,200 in May 2026, increasing by 10.1% compared to May 2025.

The benchmark price for single-family homes was $353,600, a gain of 10.2% on a year-over-year basis in May. By comparison, the benchmark price for townhouse/row units was $281,100, up by 17.2% compared to a year earlier, while the benchmark apartment price was $291,100, a minor increase of 2% from year-ago levels.

The dollar value of all home sales in May 2026 was $343.1 million, a reduction of 10.7% from the same month in 2025.

The number of new listings increased by 4.7% from May 2025. There were 1,629 new residential listings in May 2026.

New listings were 1.6% above the five-year average and 0.5% below the 10-year average for the month of May.

Active residential listings numbered 3,728 units on the market at the end of May, a gain of 4.6% from the end of May 2025. Active listings haven’t been this high in the month of May in more than five years.

Active listings were 17.8% above the five-year average and 11% below the 10-year average for the month of May.

Months of inventory numbered 4 at the end of May 2026, up from the 3.4 months recorded at the end of May 2025 and below the long-run average of 4.2 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.