Newfoundland and Labrador Association of REALTORS®

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 624 units in August 2026. This decreased by 7.1% from August 2025.

Home sales were 4.3% below the five-year average and 5.1% above the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 3,517 units over the first eight months of the year. This was a decline of 6.7% from the same period in 2025.

Residential activity in St. John’s posted a substantial decline of 10.8% on a year-over-year basis in August, while activity in the rest of the province posted a decline of 5.7%.

Single detached home sales in St. John’s were down sharply by 21.3% from levels recorded in August 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 benchmark price was $358,400 in August 2026, increasing by 6.8% compared to August 2025.

The benchmark price for single-family homes was $361,500, a gain of 6.7% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $334,500, up by 11.9% compared to a year earlier, while the benchmark apartment price was $269,200, an increase of 6.7% from year-ago levels.

The overall MLS® HPI composite benchmark price for homes in St. John’s was $425,400 in August 2026, increasing by 7.5% compared to August 2025.

The benchmark price for single-family homes in St. John’s was $445,700, a gain of 7.6% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $330,000, up by 13.2% compared to a year earlier, while the benchmark apartment price was $268,600, an increase of 6.8% from year-ago levels.

The average price of homes sold in August 2026 was $366,918, up by 4% from August 2025.

The more comprehensive year-to-date average price was $362,360, an increase of 5.6% from the first eight months of 2025.

The dollar value of all home sales in August 2026 was $229 million, was a small reduction of 3.4% from the same month in 2025.

The number of new listings rose 19.8% from August 2025. There were 1,039 new residential listings in August 2026. This was the largest number of new listings added in the month of August in five years.

New listings were 11.1% above the five-year average and 6.2% above the 10-year average for the month of August.

Active residential listings numbered 2,847 units on the market at the end of August, a sharp decrease of 17.2% from the end of August 2025. Active listings haven’t been this low in the month of August in more than two decades.

Active listings were 17.8% below the five-year average and 35.9% below the 10-year average for the month of August.

Months of inventory numbered 4.6 at the end of August 2026, down from the 5.1 months recorded at the end of August 2025 and below the long-run average of 7.9 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.