Newfoundland and Labrador Association of REALTORS®

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 610 units in September 2025. This was a gain of 19.8% from September 2024.

Home sales were 2.2% above the five-year average and 20.6% above the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 4,380 units over the first nine months of the year. This was up by 10.2% from the same period in 2024.

Residential activity in St. John’s posted a sizable gain of 21% on a year-over-year basis in September, while activity in the rest of the province increased by 19.4%.

Single detached home sales in St. John’s marked a gain of 25.9% from levels recorded in September 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 $337,500 in September 2025, up by 10.3% compared to September 2024.

The benchmark price for single-family homes was $340,300, an increase of 10.4% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $318,800, a moderate gain of 4.7% compared to a year earlier, while the benchmark apartment price was $259,000, increasing by 5.1% from year-ago levels.

The overall MLS® HPI composite benchmark price for homes in St. John’s was $402,100 in September 2025, was a sizable gain of 10.4% compared to September 2024.

The benchmark price for single-family homes in St. John’s was $420,200, increasing by 10.5% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $312,900, a gain of 5.3% compared to a year earlier, while the benchmark apartment price was $259,300, up by 5.2% from year-ago levels.

The average price of homes sold in September 2025 was $348,194, an increase of 9.4% from September 2024.

The more comprehensive year-to-date average price was $343,780, a moderate gain of 8.4% from the first nine months of 2024.

The dollar value of all home sales in September 2025 was $212.4 million, a substantial gain of 31.1% from the same month in 2024. This was also a new record for the month of September.

The number of new listings saw a gain of 5.8% from September 2024. There were 950 new residential listings in September 2025. This was the largest number of new listings added in the month of September in five years.

New listings were 9.8% above the five-year average and 6.2% above the 10-year average for the month of September.

Active residential listings numbered 2,751 units on the market at the end of September, down sharply by 25.2% from the end of September 2024. Active listings haven’t been this low in the month of September in more than 15 years.

Active listings were 22.3% below the five-year average and 37.7% below the 10-year average for the month of September.

Months of inventory numbered 4.5 at the end of September 2025, down from the 7.2 months recorded at the end of September 2024 and below the long-run average of 9.6 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.