Both MLS® home sales and new listings down in October in Prince Edward Island
The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 187 units in October 2026. This was a decrease of 11.8% from October 2025.
Home sales were 1.9% above the five-year average and 4.1% below the 10-year average for the month of October.
On a year-to-date basis, home sales totaled 1,672 units over the first 10 months of the year. This was down by 9.9% from the same period in 2025.
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 $379,100 in October 2026, up only 0.8% compared to October 2025.
The average price of homes sold in October 2026 was $387,808, a decrease of 5% from October 2025.
The more comprehensive year-to-date average price was $408,193, a small gain of 2.2% from the first 10 months of 2025.
The dollar value of all home sales in October 2026 was $72.5 million, a decline of 16.2% from the same month in 2025.
The number of new listings fell 6.4% from October 2025. There were 293 new residential listings in October 2026.
New listings were 4.2% above the five-year average and 11.2% above the 10-year average for the month of October.
Active residential listings numbered 1,236 units on the market at the end of October, down modestly by 3.3% from the end of October 2025.
Active listings were 8.8% above the five-year average and 21.5% above the 10-year average for the month of October.
Months of inventory numbered 6.6 at the end of October 2026, up from the 6 months recorded at the end of October 2025 and above the long-run average of 5.3 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
3 Lower Malpeque Rd, Unit L100
Charlottetown, PE
C1E 1R4
Tel: (902) 368-8451
Fax: (902) 894-9487
office@peirea.com
Jamie Pound
