June featured highest monthly sales of 2026!
Sales
There were 554 homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® in June 2026, basically unchanged from the 552 home sales in June 2025.
Home sales were 1.2% below the five-year average and 10.8% above the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 2,237* units over the first six months of the year. This was a substantial decrease of 10.2% from the same period in 2025.
*Refer to summary at the end of the blog post for full details.
Residential activity in St. John’s was down modestly by 1.8% on a year-over-year basis in June, while activity in the rest of the province posted a minor increase of 1.3%.
Single detached home sales in St. John’s posted a moderate gain of 6.3% from levels recorded in June 2025.
Average Price
The province-wide average price of homes sold in June 2026 was a record $375,334, a moderate gain of 6.1% from June 2025.
The more comprehensive year-to-date average price was $359,829, increasing by 6.6% from the first six months of 2025.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $358,000 in June 2026, up by 10.8% compared to June 2025. (Refer to the brief explanation of the HPI at the end of the post)
The province-wide benchmark price for single-family homes was $361,000, an increase of 10.8% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $334,600, a sizable gain of 14.1% compared to a year earlier, while the benchmark apartment price was $272,100, increasing by 7.8% from year-ago levels.
The overall MLS® HPI composite benchmark price for homes in St. John’s was $423,600 in June 2026, up by 10.9% compared to June 2025.
The benchmark price for single-family homes in St. John’s was $443,500, an increase of 11% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $329,500, a sizable gain of 15.3% compared to a year earlier, while the benchmark apartment price (basically condos) was $271,400, increasing by 7.6% from year-ago levels.
The dollar value of all home sales in June 2026 was $207.9 million, a gain of 6.5% from the same month in 2025.
This was also a new record for the month of June.
New Listings
There were 1,017 new residential listings in June 2026, down by 8% from June 2025.
New listings were 4.1% below the five-year average and 10.5% below the 10-year average for the month of June.
Active Listings
There were 2567 active residential units on the market at the end of June 2026, a substantial decrease of 23.5% from the end of June 2025.
Active listings were 23.7% below the five-year average and 40.5% below the 10-year average for the month of June.
Active listings haven’t been this low in the month of June in more than two decades.
Months of Inventory
Months of inventory numbered 4.6 at the end of June 2026, down from the 6.1 months recorded at the end of June 2025 and below the long-run average of 9.5 months for this time of year.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Month-Over-Month Comparisons For 2026
| Month | Sales | Average Price | New Listings | Number of Active Listings | Months of Inventory at Month End* |
|---|---|---|---|---|---|
| January | 288 | $348,366 | 524 | 1688 | 5.8 |
| February | 272 | $332,983 | 449 | 1665 | 6.1 |
| March | 357 | $352,854 | 617 | 1724 | 4.8 |
| April | 357 | $355,067 | 778 | 1934 | 5.4 |
| May | 410 | $374,876 | 1108 | 2399 | 5.9 |
| June | 554 | $375,334 | 1017 | 2567 | 4.6 |
*Months of Inventory at the end of each month is calculated by dividing the number of active listings at the end of each month by the number of sales during the month.
This information on the NL Residential Real Estate Market has been brought to you by:
Gar Mouland, CPA
Canadian Commercial Network of Realtors® (CCN)
Broker/Owner/Operator
Outlier NL Realty
(709) 728-2212
https://www.outliernlrealty.com/
Where great service and great savings happily coexist!
How much is your residential property worth?
How much is your commercial property/business worth?
Reach out to me at any time for an absolutely free consultation/chat on any aspect of the residential and/or the commercial real estate market.
It Pays to be Informed!
Understanding the MLS® Home Price Index (HPI)*
*The MLS® Home Price Index (HPI) is one of the most reliable tools for tracking changes in home prices over time. Unlike average or median sale prices, which can fluctuate sharply from month to month, the HPI provides a clearer picture of true market trends.
It tracks price changes for major housing types, including single-family homes, townhouses, and apartments. Prices are measured relative to a base period, making it easy to see how values have risen or fallen over time.
Average and median prices can be misleading because they are heavily influenced by the types of homes sold in a given month.
For example, a rise in luxury home sales can push the average price higher even if typical home values remain unchanged. The MLS® HPI avoids this issue by comparing similar homes over time — an approach often described as an “apples-to-apples” comparison.
Rather than focusing solely on sale prices, the HPI measures how buyers value individual home features.
These include features such as the number of rooms and bathrooms, square footage, lot size, age of the property, and construction details like flooring, roofing, and foundation type. Because these characteristics change gradually, the index produces more stable and meaningful results.