Newfoundland and Labrador Association of REALTORS®

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 641 units in September 2026. This was a gain of 5.1% from September 2025. Residential sales haven’t hit this level in the month of September in five years.

Home sales were 10.9% above the five-year average and 21.1% above the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 4,158 units over the first nine months of the year. This was down by 5.1% from the same period in 2025.

Residential activity in St. John’s posted a modest decline of 1.8% on a year-over-year basis in September, while activity in the rest of the province was up by 7.7%.

Single detached home sales in St. John’s marked a decrease of 8.2% from levels recorded in September 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 $355,600 in September 2026, a gain of 5.5% compared to September 2025.

The benchmark price for single-family homes was $358,600, up by 5.4% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $336,200, an increase of 9% compared to a year earlier, while the benchmark apartment price was $262,200, a moderate gain of 5.1% from year-ago levels.

The overall MLS® HPI composite benchmark price for homes in St. John’s was $421,800 in September 2026, a gain of 6.8% compared to September 2025.

The benchmark price for single-family homes in St. John’s was $442,300, up by 7% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $331,400, an increase of 9.8% compared to a year earlier, while the benchmark apartment price was $261,400, a moderate gain of 5.3% from year-ago levels.

The average price of homes sold in September 2026 was $372,633, an increase of 7% from September 2025.

The more comprehensive year-to-date average price was $363,707, a moderate gain of 5.8% from the first nine months of 2025.

The dollar value of all home sales in September 2026 was $238.9 million, increasing by 12.5% from the same month in 2025. This was also a new record for the month of September.

The number of new listings saw a modest gain of 1.7% from September 2025. There were 967 new residential listings in September 2026. This was the largest number of new listings added in the month of September in more than five years.

New listings were 8.5% above the five-year average and 7% above the 10-year average for the month of September.

Active residential listings numbered 2,743 units on the market at the end of September, down sharply by 18.4% from the end of September 2025. Active listings haven’t been this low in the month of September in more than 15 years.

Active listings were 18.5% below the five-year average and 35.7% below the 10-year average for the month of September.

Months of inventory numbered 4.3 at the end of September 2026, down from the 5.5 months recorded at the end of September 2025 and below the long-run average of 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.