New Brunswick Real Estate Board

The number of homes sold through the MLS® System of the New Brunswick Real Estate Board totaled 641 units in March 2025. This decreased by 2.3% (15 sales) from March 2024.

Home sales were 24.5% below the five-year average and 14.3% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 1,682 units over the first three months of the year. This was a modest decline of 1.3% from the same period in 2024.

At the local level home sales activity posted an increase in Greater Moncton (2.5%) and Fredericton (1.3%), was unchanged in Northern and Valley Regions and recorded a decline in Saint John (-15.6%) on a year-over-year basis.

“Our provincial market is seeing similar trends play out as many other local markets across the country, with muted buyer activity in response to the chaotic and uncertain fallout from the trade war coupled with increasingly motivated sellers who are repricing their properties more aggressively in order to attract the remaining buyers,” said Justin Morehouse, Chair of the New Brunswick Real Estate Board. “In the latest update, the U.S. Administration’s tariff measures did not introduce further actions against Canada, beyond those already applied to steel and aluminum and the recent changes concerning auto imports. While this may offer some relief to consumers expecting harsher policies, the market is likely to remain uncertain as buyers deliberate their choices.”

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 $320,000 in March 2025, a gain of 8.6% compared to March 2024.

The benchmark price for single-family homes was $320,200, up by 8.4% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $246,500, a substantial decrease of 11.2% compared to a year earlier, while the benchmark apartment price was $331,900, a sizable gain of 28.4% from year-ago levels.

The dollar value of all home sales in March 2025 was $219.9 million, a moderate gain of 4.5% from the same month in 2024.

The number of new listings was up by 24.1% from March 2024. There were 1,298 new residential listings in March 2025.

New listings were 2.4% above the five-year average and 1% above the 10-year average for the month of March.

Active residential listings numbered 2,829 units on the market at the end of March, a gain of 10.8% from the end of March 2024. Active listings haven’t been this high in the month of March in five years.

Active listings were 15.4% above the five-year average and 30% below the 10-year average for the month of March.

Months of inventory numbered 4.4 at the end of March 2025, up from the 3.9 months recorded at the end of March 2024 and below the long-run average of 6 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.