Northwest Territories Association of REALTORS: July 2026 Sees 35 Home Sales, Average Price at $546,837

Northwest Territories Association of REALTORS — July 2026

The Northwest Territories Association of REALTORS reported 35 home sales through its MLS® System in July 2026, a decline of 20.5% from July 2025. The average price of homes sold in July 2026 was $546,837, marking a 5.2% increase from July 2025.

Market Analysis

The Northwest Territories Association of REALTORS reported 35 home sales in July 2026, a decline of 20.5% (nine sales) from July 2025. This figure was also down from the 37 total sales recorded in June 2026. On a year-to-date basis, home sales totaled 177 units over the first seven months of the year, a decrease of 13.7% from the same period in 2025. The average price of homes sold in July 2026 was $546,837, up by 5.2% from July 2025. The year-to-date average price was $531,514, up 0.7% from the first seven months of 2025. The dollar value of all home sales in July 2026 was $19.1 million, a reduction of 16.3% from July 2025.

New listings rose 10.5% (four listings) from July 2025, with 42 new residential listings recorded in July 2026. Active residential listings numbered 90 units on the market at the end of July 2026, a gain of 4.7% (four listings) from the end of July 2025. This is an increase from the 88 active listings reported in June 2026. "Although sales remained well below last year, activity was virtually unchanged from the previous month and was consistent with what we typically see this time of year. The number of newly listed homes increased year over year, remaining in line with historical norms and giving buyers a healthy selection of properties to choose from," said Nathan Round, President of the Northwest Territories Association of REALTORS®. "Market conditions eased slightly but remained in favour of sellers, with overall inventory closely aligned with both recent monthly totals and the five-year average. With current conditions continuing to favour sellers, improving housing availability over the longer term will require meaningful investment. In that context, the $480 million joint commitment by the governments of Canada and the Northwest Territories to deliver 560 affordable homes by 2030 is an encouraging step towards expanding housing options and strengthening communities across the territory.”