Home sales down across New Brunswick compared to last year

A home is listed for sale on Foxwood Drive in northwest Moncton, N.B. (Derek Haggett/CTV News Atlantic)

Home sales in New Brunswick were down significantly last month compared to April of 2025, but one real estate expert says the market is finding its footing.

According to recent data from the Canadian Real Estate Association (CREA), the number of homes sold through realtors in the province this April totaled 789 units, down 13 per cent from the same time last year.

CREA states home sales in New Brunswick were 9.4 per cent below the five-year average and 5.8 per cent below the 10-year average for April.

Justin Morehouse, Chair of the New Brunswick Realtors, said the market continued to “find its footing” for the month of April, with sales rising for a third straight month despite remaining below last year’s numbers.

“At the same time, a stronger flow of new listings has pushed inventory meaningfully higher, giving buyers more choice,” said Morehouse in a news release. “This is creating a more balanced environment, where neither buyers nor sellers can rely on last year’s playbook.”

There were declines in all areas of the province for home sales activity:

• Fredericton down 4.4 per cent
• Saint John down 8.3 per cent
• Greater Moncton down 10.5 per cent

In the northern parts of the province and elsewhere, sales were down 34.7 per cent on a year-over-year basis.

Home sales totaled 2,411 units over the first four months of 2026, a decrease of six per cent over the same period in 2025.

However, Morehouse said real estate prices remain broadly stable compared to last year at this time.

The overall benchmark price was $324,400 this April, a modest gain of 1.3 per cent compared to April of last year.

The benchmark price for single-family homes was $325,800, up 1.5 per cent on a year-over-year basis for April.

Meanwhile, the benchmark price for townhouses and row units was $230,500, which was a slight decline of 0.7 per cent compared to April 2025.

The benchmark price for apartments was $270,000, a decline of 10.5 per cent from a year ago.

Overall, the total value of home sales in April 2026 was $286.9 million, a decrease of 10 per cent from this time last year.

More to come….

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