Newfoundland and Labrador Association of REALTORS

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 554 units in June 2026. This was nearly unchanged, up only 0.4% (two sales) from June 2025.

Home sales were 1.2% below the five-year average and 10.8% above the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 2,237 units over the first six months of the year. This was a substantial decrease of 10.2% from the same period in 2025.

Residential activity in St. John’s was down modestly by 1.8% on a year-over-year basis in June, while activity in the rest of the province posted a minor increase of 1.3%.

Single detached home sales in St. John’s posted a moderate gain of 6.3% from levels recorded in June 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 $358,000 in June 2026, up by 10.8% compared to June 2025.

The benchmark price for single-family homes was $361,000, an increase of 10.8% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $334,600, a sizable gain of 14.1% compared to a year earlier, while the benchmark apartment price was $272,100, increasing by 7.8% from year-ago levels.

The overall MLS® HPI composite benchmark price for homes in St. John’s was $423,600 in June 2026, up by 10.9% compared to June 2025.

The benchmark price for single-family homes in St. John’s was $443,500, an increase of 11% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $329,500, a sizable gain of 15.3% compared to a year earlier, while the benchmark apartment price was $271,400, increasing by 7.6% from year-ago levels.

The average price of homes sold in June 2026 was a record $375,334, a moderate gain of 6.1% from June 2025.

The more comprehensive year-to-date average price was $359,829, increasing by 6.6% from the first six months of 2025.

The dollar value of all home sales in June 2026 was $207.9 million, a gain of 6.5% from the same month in 2025. This was also a new record for the month of June.

The number of new listings was down by 8% from June 2025. There were 1,017 new residential listings in June 2026.

New listings were 4.1% below the five-year average and 10.5% below the 10-year average for the month of June.

Active residential listings numbered 2,567 units on the market at the end of June, a substantial decrease of 23.5% from the end of June 2025. Active listings haven’t been this low in the month of June in more than two decades.

Active listings were 23.7% below the five-year average and 40.5% below the 10-year average for the month of June.

Months of inventory numbered 4.6 at the end of June 2026, down from the 6.1 months recorded at the end of June 2025 and below the long-run average of 9.5 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.