Northwest Territories Association of REALTORS
Real Estate Board — Market Data & Trends
Overview
Board Report
Key Takeaways
June 2026- Months of inventory numbered 2.4 at the end of June 2026, up from the 2.1 months recorded at the end of June 2025 and below the long-run average of 3.3 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.
- “Obviously we write the rest of our insights here.” The average price of homes sold in June 2026 was $601,289, a sizable gain of 13.1% from June 2025.
- The more comprehensive year-to-date average price was $527,737, edging down 0.4% from the first six months of 2025.
- The dollar value of all home sales in June 2026 was $22.2 million, a sharp decrease of 12.9% from the same month in 2025.
Source: Northwest Territories Association of REALTORS
At 2.4 months of inventory, demand outpaces supply. Well-priced properties sell quickly, and sellers generally have the advantage in negotiations. Buyers should be prepared to act decisively.
Northwest Territories Association of REALTORS Narrative
The number of homes sold through the MLS® System of the Northwest Territories Association of REALTORS® totaled 37 units in June 2026. This was down sharply by 22.9% (11 sales) from June 2025.
Home sales were 8.9% below the five-year average and 3.9% below the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 142 units over the first six months of the year. This was a substantial decrease of 11.8% from the same period in 2025.
"Sales and new listings have eased both month over month and year over year but remain closely aligned with expected historical averages for this time of year, while active listings remain in line with historical norms,” said Nathan Round, President of the Northwest Territories Association of REALTORS®. “The average price touched its second-highest level on record. Ultimately, market balance continues to lean heavily in favor of sellers, maintaining the consistent trend witnessed throughout most of 2026. Looking ahead, ongoing territorial and municipal infrastructure investments in Yellowknife are supporting future housing development by advancing land-servicing projects and installing deep-utility networks on vacant lands, reducing site-preparation costs for private residential builders. This will help ease supply constraints in the long run.”
This is where we write our wonderous and insightful quote," said Nathan Round, President of the Northwest Territories Association of REALTORS®. “Obviously we write the rest of our insights here.”
The average price of homes sold in June 2026 was $601,289, a sizable gain of 13.1% from June 2025.
The more comprehensive year-to-date average price was $527,737, edging down 0.4% from the first six months of 2025.
The dollar value of all home sales in June 2026 was $22.2 million, a sharp decrease of 12.9% from the same month in 2025.
The number of new listings was down sharply by 16.9% (10 listings) from June 2025. There were 49 new residential listings in June 2026.
New listings were 2.4% below the five-year average and 5.6% above the 10-year average for the month of June.
Active residential listings numbered 88 units on the market at the end of June, a substantial decrease of 11.1% (11 listings) from the end of June 2025.
Active listings were 0.5% above the five-year average and 21.6% below the 10-year average for the month of June.
Months of inventory numbered 2.4 at the end of June 2026, up from the 2.1 months recorded at the end of June 2025 and below the long-run average of 3.3 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.
Market Balance
Months of Inventory
Demand significantly outpaces new supply — expect competitive offers.
With only 2.4 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.
Source: Northwest Territories Association of REALTORS via CREA MLS
Period: June 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.