Prince Edward Island Real Estate Association reports highest September MLS® home sales since 2021
The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 201 units in September 2026. This was up by 6.9% (13 sales) from September 2025. Residential sales haven’t hit this level in the month of September in five years.
Home sales were 12% above the five-year average and 1.6% above the 10-year average for the month of September.
On a year-to-date basis, home sales totaled 1,484 units over the first nine months of the year. This was a decrease of 9.7% from the same period in 2025.
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/single-family benchmark price was $377,900 in September 2026, nearly unchanged, up only 0.5% compared to September 2025.
The average price of homes sold in September 2026 was $409,925, a small gain of 1.4% from September 2025.
The more comprehensive year-to-date average price was $410,668, increasing by 3.1% from the first nine months of 2025.
The dollar value of all home sales in September 2026 was $82.4 million, a gain of 8.4% from the same month in 2025. This was also a new record for the month of September.
The number of new listings was up by 4.9% from September 2025. There were 341 new residential listings in September 2026. This was also the largest number of new listings added in the month of September in history.
New listings were 12.7% above the five-year average and 17.3% above the 10-year average for the month of September.
Active residential listings numbered 1,360 units on the market at the end of September, essentially unchanged, up just 0.1% (two listings) from the end of September 2025. Active listings haven’t been this high in the month of September in a decade.
Active listings were 12.8% above the five-year average and 24.8% above the 10-year average for the month of September.
Months of inventory numbered 6.8 at the end of September 2026, down from the 7.2 months recorded at the end of September 2025 and above the long-run average of 5.7 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.
BOARD & ASSOCIATION INFORMATION
The Prince Edward Island Real Estate Association (PEIREA) was incorporated in 1964 under the name of the PEI Real Estate Brokers Association. In 1975, the name of the organization was changed to the PEI Real Estate Association. The Association is governed by a Board of Directors which consists of twelve REALTORS® and the Association's Executive Officer.
All Members of the Association are also members in good standing of the Canadian Real Estate Association and are specifically trained to help buyers and sellers with all their real estate needs. They adhere to the REALTOR® Code of Ethics and conduct their business in accordance with the Standards of Business Practice as adopted by the Canadian Real Estate Association.
PRINCE EDWARD ISLAND REAL ESTATE ASSOCIATION
For more information, please contact:
Prince Edward Island Real Estate Association
3 Lower Malpeque Rd, Unit L100
Charlottetown, PE
C1E 1R4
Tel: (902) 368-8451
Fax: (902) 894-9487
office@peirea.com
Jamie Pound
