New Brunswick Real Estate Board Reports Balanced Market in May 2026

New Brunswick Real Estate Board — May 2026

In May 2026, the New Brunswick Real Estate Board recorded 925 home sales, reflecting a 12.4% decrease from May 2025. The composite benchmark price for homes is $352,200, marking a year-over-year decline of 10.1%.

Market Analysis

The New Brunswick housing market remains balanced as of May 2026, with total sales reaching 925 units, down 12.4% compared to the same month last year. New listings increased for the fifth consecutive month, totaling 1,629, which aligns closely with typical May levels. Active listings also rose to 3,728, significantly above the five-year average, contributing to a months of inventory figure of 4.0, indicating a stable supply relative to demand. Despite the decline in sales, the market shows signs of resilience, with improved activity compared to April 2026.

Property Type Analysis

The benchmark prices for different property types in May 2026 reflect varied trends. The benchmark price for detached homes stands at $353,600, while attached/townhouses are priced at $281,100, and apartments at $291,100. While the overall market experiences a price decline of 10.1% year-over-year, the specific dynamics of each property type warrant closer examination to understand buyer preferences and market shifts.

Regional Highlights

Sales activity has decreased across all regions in New Brunswick, with Greater Moncton experiencing the most significant drop at 19.8%. Other areas, including Fredericton and the Northern and Valley Regions, also reported declines of 8.8% and 17.3%, respectively. This trend highlights a consistent slowdown in buyer activity throughout the province, despite the increase in new and active listings.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With a variety of new listings available, buyers can afford to be selective and negotiate better terms. It is advisable to conduct thorough research on property types and regional trends to make informed purchasing decisions.

For Sellers

Sellers should remain realistic about pricing in light of the current market dynamics, as the average home price has seen a notable decline. Increasing the appeal of listings through staging and competitive pricing can attract potential buyers, especially in a market where inventory levels are higher than usual.