Newfoundland and Labrador Association of REALTORS®

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 357 units in April 2026. This was down by 11.9% from April 2025.

Home sales were 7% below the five-year average and 4.3% above the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 1,273 units over the first four months of the year. This was a decrease of 10.6% from the same period in 2025.

Residential activity in St. John’s posted a large decline of 29.7% on a year-over-year basis in April, while activity in the rest of the province decreased by 2.6%.

Single detached home sales in St. John’s posted a modest decline of 2.3% from levels recorded in April 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 benchmark price was $339,400 in April 2026, up by 9.8% compared to April 2025.

The benchmark price for single-family homes was $342,300, an increase of 9.9% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $316,000, a sizable gain of 10.3% compared to a year earlier, while the benchmark apartment price was $257,500, increasing by 5% from year-ago levels.

The overall MLS® HPI composite benchmark price for homes in St. John’s was $400,300 in April 2026, up 10% compared to April 2025.

The benchmark price for single-family homes in St. John’s was $418,800, increasing by 10.1% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $311,000, a gain of 11.8% compared to a year earlier, while the benchmark apartment price was $256,800, up by 5% from year-ago levels.

The average price of homes sold in April 2026 was $355,067, a moderate gain of 8.7% from April 2025.

The more comprehensive year-to-date average price was $348,226, increasing by 5.2% from the first four months of 2025.

The dollar value of all home sales in April 2026 was $126.8 million, a decline of 4.2% from the same month in 2025.

The number of new listings fell by 13.7% from April 2025. There were 778 new residential listings in April 2026. This was the lowest number of new listings added in the month of April in more than five years.

New listings were 8.4% below the five-year average and 13.1% below the 10-year average for the month of April.

Active residential listings numbered 1,934 units on the market at the end of April, a significant decline of 30.7% from the end of April 2025. Active listings haven’t been this low in the month of April in more than two decades.

Active listings were 29.3% below the five-year average and 46.1% below the 10-year average for the month of April.

Months of inventory numbered 5.4 at the end of April 2026, down from the 6.9 months recorded at the end of April 2025 and below the long-run average of 11.6 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.