Newfoundland and Labrador Association of REALTORS Reports July 2026 Composite Benchmark Price at $359,300, Sales Total 658 Units

Newfoundland and Labrador Association of REALTORS — July 2026

The Newfoundland and Labrador Association of REALTORS® reported 658 home sales in July 2026. The overall MLS® HPI composite benchmark price reached $359,300, marking a 9.3% increase compared to July 2025.

Market Analysis

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 658 units in July 2026. This increased by 8.2% from July 2025. Home sales were 4.1% above the five-year average and 12.3% above the 10-year average for the month of July, according to the board. On a year-to-date basis, home sales totaled 2,895 units over the first seven months of the year, a decline of 6.6% from the same period in 2025.

The overall MLS® HPI composite benchmark price was $359,300 in July 2026, increasing by 9.3% compared to July 2025. The average price of homes sold in July 2026 was $366,413, up by 3% from July 2025. The more comprehensive year-to-date average price was $361,324, an increase of 5.9% from the first seven months of 2025. The dollar value of all home sales in July 2026 was $241.1 million, a gain of 11.4% from the same month in 2025, which was a new record for the month of July and also the largest dollar value of homes sold for any month in history, as stated by the board. New listings were up by 14.8% from July 2025, with 1,201 new residential listings in July 2026. This was the largest number of new listings added in the month of July in more than five years, according to the board. Active residential listings numbered 2,815 units on the market at the end of July, a decrease of 20.1% from the end of July 2025. Active listings haven’t been this low in the month of July in more than two decades, the board reported. For comparison, in June 2026, the Composite Benchmark was $358,000, Total Sales were 554, and Active Listings were 2,567.

Property Type Analysis

The benchmark price for single-family homes was $362,100, a gain of 9.1% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $337,600, up by 15% compared to a year earlier, while the benchmark apartment price was $275,300, an increase of 8.8% from year-ago levels. The overall MLS® HPI composite benchmark price for homes in St. John’s was $427,800 in July 2026, increasing by 10.1% compared to July 2025. The benchmark price for single-family homes in St. John’s was $447,800, a gain of 10.1% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units in St. John's was $332,700, up by 15.9% compared to a year earlier, while the benchmark apartment price in St. John's was $274,700, an increase of 8.8% from year-ago levels.