MLS® home sales in Prince Edward Island soften in September; listings remain stable
The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 190 units in September 2025, a decrease of 2.6% (five sales) from September 2024.
Home sales were 5.4% above the five-year average and 4.5% below the 10-year average for the month of September.
On a year-to-date basis, home sales totaled 1,645 units over the first nine months of the year. This was a gain of 7.9% from the same period in 2024.
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/single-family benchmark price was $375,500 in September 2025, essentially unchanged, up just 0.9% compared to September 2024.
The average price of homes sold in September 2025 was $402,231, up modestly by 3.5% from September 2024.
The more comprehensive year-to-date average price was $398,040, a minor increase of 3.1% from the first nine months of 2024.
The dollar value of all home sales in September 2025 was $76.4 million, a slight gain of 0.9% from the same month in 2024. The dollar volume of all homes sold hasn’t been this high in the month of September in five years.
The number of new listings increased by 7.6% from September 2024. There were 324 new residential listings in September 2025.
New listings were 7.9% above the five-year average and 13.2% above the 10-year average for the month of September.
Active residential listings numbered 1,319 units on the market at the end of September, a modest gain of 1.8% from the end of September 2024. Active listings haven’t been this high in the month of September in more than five years.
Active listings were 22.3% above the five-year average and 17.1% above the 10-year average for the month of September.
Months of inventory numbered 6.9 at the end of September 2025, up from the 6.6 months recorded at the end of September 2024 and above the long-run average of 5.8 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.
BOARD & ASSOCIATION INFORMATION
The Prince Edward Island Real Estate Association (PEIREA) was incorporated in 1964 under the name of the PEI Real Estate Brokers Association. In 1975, the name of the organization was changed to the PEI Real Estate Association. The Association is governed by a Board of Directors which consists of twelve REALTORS® and the Association's Executive Officer.
All Members of the Association are also members in good standing of the Canadian Real Estate Association and are specifically trained to help buyers and sellers with all their real estate needs. They adhere to the REALTOR® Code of Ethics and conduct their business in accordance with the Standards of Business Practice as adopted by the Canadian Real Estate Association.
PRINCE EDWARD ISLAND REAL ESTATE ASSOCIATION
For more information, please contact:
Prince Edward Island Real Estate Association
75 St. Peter's Road
Charlottetown, PE
C1A 5N7
Tel: (902) 368-8451
Fax: (902) 894-9487
office@peirea.com
Tim Jackson
