The New Brunswick Real Estate Board says September saw fewer homes sold but the most new listings for the month in five years.
The board reports that 803 homes were sold last month, a drop of 2.1 per cent compared with September 2024.
Sales were also 11.5 per cent below the five‑year average and 8.4 per cent under the 10‑year average for September.
So far this year, 7,514 homes have sold across the province, which is 3.8 per cent higher than the same period in 2024.
Regionally, sales rose in the Northern and Valley areas by 6.5 per cent, were unchanged in Greater Moncton, and fell in Saint John and Fredericton by 4.6 and 10 per cent.
Board chair Justin Morehouse said that September marked the first year‑over‑year decline in sales since early spring and the lightest monthly total since March.
He said new listings improved slightly from recent months, coming in above seasonal norms, while the number of available homes slipped from August and was little changed from a year earlier.
The board says the benchmark price, which it describes as the best way to track housing trends, was $327,600 in September. That was up 5.8 per cent from a year earlier.
The benchmark price for single‑family homes rose 5.9 per cent to $328,600.
Townhouse and row units dropped 15.2 per cent to $249,000, while apartments increased 2.5 per cent to $293,900.
The total value of all home sales in September was $273.9 million, a gain of 1.6 per cent from the same month last year.
There were 1,290 new residential listings in September, up 4.9 per cent from a year earlier.
The board says that was the largest number of new listings for the month in five years, and above both the five‑ and 10‑year averages.
Active residential listings stood at 3,588 at the end of September, up 1.2 per cent from last year and the highest September total since 2020.
The board added that active listings were 8.7 per cent above the five‑year average but remained 22.8 per cent below the 10‑year average.
At the end of September, it would take about 4.5 months to sell all the current listings if things keep selling at the same rate.
That was up slightly from 4.3 months a year earlier but below the long‑term average of 5.7 months for this time of year.
Morehouse said market conditions are moving closer to balance, though they still lean slightly in favour of sellers.
