Newfoundland and Labrador Association of REALTORS®

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 710 units in October 2025. This was a minor decrease of 2.1% (15 sales) from October 2024.

Home sales were 12.6% above the five-year average and 31.4% above the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 5,090 units over the first 10 months of the year. This was a moderate gain of 8.3% from the same period in 2024.

Residential activity in St. John’s posted a decline of 5.2% on a year-over-year basis in October, while activity in the rest of the province was nearly unchanged, down only 0.9%.

Single detached home sales in St. John’s marked a decrease of 4.7% from levels recorded in October 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 benchmark price was $337,000 in October 2025, a gain of 9.9% compared to October 2024.

The benchmark price for single-family homes was $339,700, up by 10.1% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $316,800, an increase of 6% compared to a year earlier, while the benchmark apartment price was $262,300, a small gain of 1.5% from year-ago levels.

The overall MLS® HPI composite benchmark price for homes in St. John’s was $400,200 in October 2025, a gain of 9.5% compared to October 2024.

The benchmark price for single-family homes in St. John’s was $417,800, up by 9.8% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $312,100, an increase of 6.8% compared to a year earlier, while the benchmark apartment price was $262,400, a small gain of 1.8% from year-ago levels.

The average price of homes sold in October 2025 was $333,151, increasing by 4.5% from October 2024.

The more comprehensive year-to-date average price was $342,297, a gain of 7.8% from the first 10 months of 2024.

The dollar value of all home sales in October 2025 was $236.5 million, up modestly by 2.3% from the same month in 2024. This was also a new record for the month of October.

The number of new listings saw an increase of 4.4% from October 2024. There were 845 new residential listings in October 2025. This was the largest number of new listings added in the month of October in more than five years.

New listings were 6% above the five-year average and 2.7% above the 10-year average for the month of October.

Active residential listings numbered 2,493 units on the market at the end of October, a large decline of 25.3% from the end of October 2024. Active listings haven’t been this low in the month of October in two decades.

Active listings were 24.3% below the five-year average and 40% below the 10-year average for the month of October.

Months of inventory numbered 3.5 at the end of October 2025, down from the 4.6 months recorded at the end of October 2024 and below the long-run average of 8.4 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.