NL end-of-April residential listings down 30.7% – lowest for the end of April in over 20 years
See below for full details on the St. John’s and province-wide housing market for April 2026 with comparative numbers for April 2025
Sales:
357 homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® in April 2026, a decrease of 11.9% from April 2025.
Home sales were 7% below the five-year average and 4.3% above the 10-year average for the month of April.
On a year-to-date basis, 1273 homes sold over the first four months of the year. This was a decrease of 10.6% from the same period in 2025.
April Statistics For St. John’s Only
Residential activity in St. John’s saw a substantial decline of 29.7% on a year-over-year basis in April, while activity in the rest of the province decreased by 2.6%.
Single detached home sales in St. John’s saw a modest decling of 2.3% from levels recorded in April 2025.
Average Price:
The average price of homes sold in April 2026 was $355,067, a moderate gain of 8.7% from April 2025.
The MLS® Home Price Index (HPI)* tracks price trends far more accurately than is possible using average or median price measures.
See the end of the post for an explanation of the HPI.
The overall MLS® HPI composite benchmark price was $339,400 in April 2026, up by 9.8% compared to April 2025.
The benchmark price for single-family homes was $342,300, an increase of 9.9% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $316,000, a sizable gain of 10.3% compared to a year earlier, while the benchmark apartment (basically condos) price was $257,500, increasing by 5% from year-ago levels.
April Statistics For St. John’s Only
The overall MLS® HPI composite benchmark price for homes in St. John’s was $400,300 in April 2026, increasing by 10% compared to April 2025.
The benchmark price for single-family homes in St. John’s was $418,800, a gain of 10.1% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $311,000 a gain of 11.8% compared to a year earlier, while the benchmark apartment (basically condos) price was $256,800, up by 5% from year-ago levels.
New Listings:
Thee were 778 new residential listing in April 2026, a substantial decrease of 13.7% from April 2025. This was the lowest number of new listings added in the month of April in more than five years.
New listings were 8.4% below the five-year average and 13.1% below the 10-year average for the month of April.
Active Listings:
There were 1934 active residential listings on the market at the end of April 2026, a huge decline of 30.7% from the end of April 2025.
Active listings haven’t been this low in the month of April in more than two decades.
Active listings were 29.3% below the five-year average and 46.1% below the 10-year average for the month of April.
Months of Inventory:
There were 5.4 months of inventory at the end of April 2026, down from the 6.9 months at the end of April 2025 and below the long-run average of 11.6 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 |
*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 post 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 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.