Home sales in New Brunswick slowed in July as more homes stayed on the market and conditions moved closer to balance.
The New Brunswick Real Estate Board reported 970 homes sold last month, an 8.7 per cent decrease from July 2025.
The board says sales were slightly above the province’s five‑year average for July and just below the 10‑year average.
So far this year, 5,360 homes have sold across the province, a 6.1 per cent decline from the first seven months of 2025.
Regional sales picture
The board noted a 1.1 per cent increase in the Northern and Valley regions compared with last July.
Greater Moncton fell 5.1 per cent, Saint John dropped 12.5 per cent, and Fredericton declined 15.1 per cent.
Board chair Justin Morehouse said that July showed stability in the market, following typical seasonal trends.
He mentioned that buyers in some areas now have more options because inventory has reached its highest level since fall 2019.
Morehouse added that prices have remained resilient, with townhouse units seeing the strongest gains.
The average home price index benchmark rose 6.7 per cent year‑over‑year to $344,000.
Single‑family homes had a benchmark price of $345,500, townhouse and row units reached $275,100, and apartments declined to $277,100.
Morehouse also pointed to more than $8.84 million in federal, provincial and municipal funding for water, stormwater and wastewater upgrades in Harvey, Sussex, St. Stephen and Grand Lake.
He said those projects will expand municipal capacity and support future housing development.
Supply reaches multi‑year high
New listings fell 4.3 per cent year‑over‑year, with 1,484 homes added to the market in July.
The board says that figure sits above both the five‑year and 10‑year averages for the month.
Active residential listings reached 4,124, a 5.3 per cent increase from last year.
Inventory hasn’t been this high in July in more than five years.
At the current sales pace, it would take about 4.3 months to sell all available listings.
That’s up from 3.7 months last July and just below the long‑term average of 4.6 months.
Prices continue to hold firm
The board reported that prices remained steady despite slower sales and rising supply.
The total value of all home sales reached $344 million, down 6.7 per cent from last year.
The board noted that average price figures can help identify trends over time but do not reflect variations between neighbourhoods or regions.
