Single Detached
Months of inventory for single detached homes numbered 5 at the end of the first quarter of 2026, down from the 8.6 months recorded at the end of the first quarter of 2025. This was the lowest level of months of inventory ever recorded in a first quarter.
Months of inventory for single detached homes in St. John’s numbered 2.9 at the end of the first quarter of 2026, down from the 3.9 months recorded at the end of the first quarter of 2025. This was the lowest level of months of inventory ever recorded in a first quarter for St. John’s.
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.
Despite a tighter market, single detached homes spent more time on the market in the first quarter of 2026 than they had a year earlier.
The median number of days on market for sold single detached homes was 83 in the first quarter of 2026, up slightly from 82 days in the first quarter of 2025.
The median number of days on market for sold single detached homes in St. John’s was 61 in the first quarter of 2026, down slightly from 63 days in the first quarter of 2025.
Multi-Family
Months of inventory for multi-family units numbered 5 at the end of the first quarter of 2026, down slightly from the 5.2 months recorded at the end of the first quarter of 2025.
Months of inventory for multi-family units in St. John’s numbered 2.9 at the end of the first quarter of 2026, down from the 4.8 months recorded at the end of the first quarter of 2025. This was the lowest level of months of inventory ever recorded in a first quarter in St. John’s.
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.
With a tighter market, multi-family units spent less time on the market in the first quarter of 2026 than they had a year earlier.
The median number of days on market for sold multi-family units was 53.5 in the first quarter of 2026, down from 62 days in the first quarter of 2025.
The median number of days on market for sold multi-family units in St. John’s was 48 in the first quarter of 2026, down slightly from 51.5 days in the first quarter of 2025.
