New Brunswick Real Estate Board

The number of homes sold through the MLS® System of the New Brunswick Real Estate Board totaled 1,027 units in May 2025. This was up by 5.9% from May 2024.

Home sales were 7.3% below the five-year average and 0.3% above the 10-year average for the month of May.

On a year-to-date basis, home sales totaled 3,647 units over the first five months of the year, a minor increase of 1.6% from the same period in 2024.

At the local level home sales activity posted increases in all areas of the province, rising in Greater Moncton (11.9%), Fredericton (4.3%), Northern and Valley Regions (3.1%), and Saint John (0.5%) on a year-over-year basis.

“New Brunswick’s real estate market continued climbing in May, pushing past the 1,000 sales mark in a single month for the first time since June 2023. The number of newly listed properties rose for the 5th consecutive month, though they are still trailing long-term norms for this time of year,” said Justin Morehouse, Chair of the New Brunswick Real Estate Board. “Inventory continued to build in May and the MLS® HPI Composite Benchmark price held steady with townhouses being the lone exception. Current conditions underscore a competitive market with rising prices and tightening conditions, presenting both opportunities and challenges for buyers and sellers alike.”

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 $325,000 in May 2025, a gain of 6% compared to May 2024.

The benchmark price for single-family homes was $325,900, up by 6.1% on a year-over-year basis in May. By comparison, the benchmark price for townhouse/row units was $249,100, a decrease of 13.9% compared to a year earlier, while the benchmark apartment price was $296,400, a moderate gain of 5% from year-ago levels.

The dollar value of all home sales in May 2025 was $371.1 million, a gain of 13% from the same month in 2024.

The number of new listings was down by 4.3% from May 2024. There were 1,579 new residential listings in May 2025.

New listings were 3.8% below the five-year average and 6.4% below the 10-year average for the month of May.

Active residential listings numbered 3,448 units on the market at the end of May, an increase of 5.3% from the end of May 2024. Active listings haven’t been this high in the month of May in five years.

Active listings were 14.1% above the five-year average and 26% below the 10-year average for the month of May.

Months of inventory numbered 3.4 at the end of May 2025, unchanged from the 3.4 months recorded at the end of May 2024 and below the long-run average of 4.8 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.