New Brunswick REALTORS® du Nouveau Brunswick

The number of homes sold through the MLS® System of the New Brunswick REALTORS® du Nouveau Brunswick totaled 597 units in March 2026. This was a moderate decrease of 5.5% from March 2025.

Home sales were 17.4% below the five-year average and 18.1% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 1,601 units over the first three months of the year. This decreased by 3.4% from the same period in 2025.

At the local level home sales activity posted an increase in Fredericton (0.7%) and recorded declines in Saint John (-5.4%), Greater Moncton (-6.3%), and Northern and Valley Regions (-12.3%) on a year-over-year basis.

“March brought a modest increase in activity, with sales reaching their highest monthly total since November. Even so, demand remained below what we have come to expect for this time of year. The number of newly listed homes moved notably higher, rising by nearly 50% from February’s total. Overall inventory also increased, finishing the month above the five-year average. On the pricing side, The MLS® HPI Composite Benchmark continued to show stability with a modest gain for the third consecutive month. That said, overall performance continues to be held back by weakness in the apartment segment,” said Justin Morehouse, Chair of the New Brunswick REALTORS® du Nouveau Brunswick. “In that context, there were several notable developments in March that could shape housing conditions across the province. In recent news, New Brunswick and the federal government have reached a cost-matched Build Canada Homes agreement worth up to $300 million (about $150 million federal and up to $150 million provincial) to deliver at least 1,200 shovel-ready affordable homes (with potential to scale higher), prioritizing projects that can start within 12 months and include supportive/transitional units. At the same time, the province is beginning a property-tax overhaul by holding 2026 assessments at 2025 levels for most unchanged properties and offering 12-month installment payment options to rental and non-residential owners to improve predictability.”

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 $329,400 in March 2026, a moderate gain of 4.6% compared to March 2025.

The benchmark price for single-family homes was $330,700, increasing by 4.9% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $232,200, a modest decline of 1.5% compared to a year earlier, while the benchmark apartment price was $280,600, down sharply by 11.5% from year-ago levels.

The dollar value of all home sales in March 2026 was $203.8 million, a decrease of 7.9% from the same month in 2025.

The number of new listings saw a slight reduction of 0.9% (11 listings) from March 2025. There were 1,271 new residential listings in March 2026.

New listings were 7% above the five-year average and 3% above the 10-year average for the month of March.

Active residential listings numbered 2,962 units on the market at the end of March, edging down 0.3% (eight listings) from the end of March 2025.

Active listings were 17.1% above the five-year average and 17.4% below the 10-year average for the month of March.

Months of inventory numbered 5 at the end of March 2026, up from the 4.7 months recorded at the end of March 2025 and below the long-run average of 5.4 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.