Home sales in New Brunswick slowed in May, with activity remaining below typical levels for this time of year.
The New Brunswick Real Estate Board reported that 925 homes were sold last month, a 12.4 per cent decrease from May 2025.
The board said sales were 9.2 per cent below both the five‑year and 10‑year averages for May.
Regional sales declines
On a year‑to‑date basis, 3,358 homes have sold across the province, down 7.3 per cent from the first five months of 2025.
Regionally, the board said sales fell in all areas of the province.
Greater Moncton recorded a 19.8 per cent decline, the Northern and Valley regions dropped 17.3 per cent, Fredericton fell 8.8 per cent, and Saint John slipped 0.9 per cent from a year earlier.
Board chair Justin Morehouse said May delivered a mixed but steady picture for the housing market.
“Sales were lower than last year but improved from April, even though activity remained well below what we would normally expect for this time of year,” Morehouse said.
“New listings increased for the fifth straight month and were right around typical May levels as we hit the middle of the traditionally busy spring market.”
New listings rose to 1,629 in May, a 4.7 per cent increase from last year.
The board said that figure was 1.6 per cent above the five‑year average and just below the 10‑year average for the month.
Active residential listings totalled 3,728 at the end of May, up 4.6 per cent from last year.
The board said inventory hasn’t been this high in May in more than five years.
The board said it would take about four months to sell all current listings at the current pace of sales.
That’s up from 3.4 months last May but still slightly below the long‑term average of 4.2 months for this time of year.
The board stated that the benchmark price, which it describes as the best way to track housing trends, was $352,200 in May, up 10.1 per cent from a year earlier.
It said the average sale price across the province was $370,946.
Single‑family homes had a benchmark price of $353,600, an increase of 10.2 per cent.
Townhouse and row units rose 17.2 per cent to $281,100, while apartments increased two per cent to $291,100.
The total value of all home sales in May reached $343.1 million, a 10.7 per cent decrease from the same month in 2025.
The board said average price figures can help identify trends over time, but do not reflect variations between neighbourhoods or regions.
