New Brunswick Real Estate Board

The number of homes sold through the MLS® System of the New Brunswick Real Estate Board totaled 839 units in August 2025. This was down by 7.2% from August 2024.

Home sales were 13.7% below the five-year average and 12.2% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 6,636 units over the first eight months of the year. This was a minor increase of 3.4% from the same period in 2024.

At the local level home sales activity posted an increase in Saint John (13.7%) and recorded declines in Northern and Valley Regions (-6.4%), Fredericton (-10.6%), and Greater Moncton (-16.5%) on a year-over-year basis.

“Sales cooled in August, slipping below the 1,000-home mark for the first time since spring, marking one of the quietest Augusts in years. New listing pulled back slightly from July but were still not too far off what we would expect for this time of year,” said Justin Morehouse, Chair of the New Brunswick Real Estate Board. “Overall inventory remained stable compared to the past few months and was a touch higher than a year ago. The MLS® HPI composite benchmark was up year over year, posting the second highest monthly price so far this year, falling just shy of June. Market conditions were little changed in August and continue to favour sellers, with no indication that will change any time soon.”

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 $328,400 in August 2025, an increase of 6.2% compared to August 2024.

The benchmark price for single-family homes was $329,400, a moderate gain of 6.4% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $247,200, a decline of 15.6% compared to a year earlier, while the benchmark apartment price was $293,100, a modest gain of 1.5% from year-ago levels.

The dollar value of all home sales in August 2025 was $296.1 million, down only 0.5% from the same month in 2024.

The number of new listings was up by 7.5% from August 2024. There were 1,212 new residential listings in August 2025.

New listings were 3.9% below the five-year average and 7.6% below the 10-year average for the month of August.

Active residential listings numbered 3,691 units on the market at the end of August, an increase of 6.1% from the end of August 2024. Active listings haven’t been this high in the month of August in five years.

Active listings were 9.3% above the five-year average and 23.3% below the 10-year average for the month of August.

Months of inventory numbered 4.4 at the end of August 2025, up from the 3.8 months recorded at the end of August 2024 and below the long-run average of 5.2 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.