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MAY 2026 PEI REAL ESTATE STATISTICS

Residential Sales in May

The number of homes sold through the MLS® System of the PEI REA totalled 176 units in May 2026. This was a decrease of 19.3% from May 2025, a pretty dramatic drop year over year, but also a drop from last month.

Home sales were 11% below the five-year average and 10.7% below the 10-year average for the month of May.

New Listings in May

The number of new listings saw a minor decrease of 3.7% from May 2025. There were 412 new residential listings in the month.

New listings were 2.5% above the five-year average and 7% above the 10-year average for the month of May. New Listings were up slightly from April too.

Active Listings in May

Active residential listings numbered 1,159 units on the market at the end of May, a small reduction of 2.1% from the end of May 2025.

Active listings were 18.2% above the five-year average and 22.3% above the 10-year average for the month of May.

This number is average post-covid.

Finally the average price of a home in PEI in May was $404,284. This is down slightly from last May by 1.5% but up slightly from last month by about $6K. The average home price on PEI has been in the range of 375-400K now for almost 4 years.

See you next month!

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Open House. Open House on Sunday, June 14, 2026 1:00PM - 3:00PM

Please visit our Open House at 233 Main Street in Borden-Carleton. See details here

Open House on Sunday, June 14, 2026 1:00PM - 3:00PM

Income-generating home with a built-in barbershop. This cozy open-concept home offers the perfect opportunity to live and work in one place! Featuring a fenced yard, triple-wide driveway, heat pump, stainless steel appliances, and a rustic touch throughout. The built-in barbershop includes its own half bath, and equipment is included with an accepted offer. Located close to the Confederation Bridge, schools, coffee shops, and amenities. Perfect for a barber, salon, nail studio, office, or home-based business opportunity! (id:2493)

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New property listed in Launching

We have listed a new property at 2404 Primrose Road in Launching. See details here

This beautifully restored farmhouse at 2404 Primrose Road in Launching, offers many updates & lots of original woodwork & charm! Enter the home through the bright entry, which conveniently connects to the main level laundry room. Head into the warm & welcoming kitchen, where the custom cabinets & pantry, well-sized butcher block island & wood stove will wow you, as will the large propane stove- a chef's delight! The formal dining room, living room, (complete with wood mantle & propane stove), full bath, and the amazing sunroom round out the lower level. Up the gorgeous wood staircase, you will discover five bedrooms with many unique features. The 2 plus acre lot has a 2 storey garage with it's own electric panel, a wood stove, generator plug, an overhead door & the upper level is an open canvas-craft shop, storage, whatever you wish. The wood shed holds your winter wood & has room for extra storage. The property offers privacy, with mature trees, a greenhouse, a dog pen and a lovely firepit area. You can hear the waves hitting the beach & you can search for sea shells, at low tide, as the beach is a kilometer walk away! This home awaits a new family- don't delay in booking your showing today. All measurements are to be verified by purchaser. (id:2493)

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New property listed in Little Pond

We have listed a new property at Lot 04-5 Bloomfield Subdivision Road in Little Pond. See details here

Nestled in a quiet subdivision, this waterfront parcel is a rare opportunity to own land on an Iconic stretch of the PEI shoreline. Lot 04-5 is a 1.68-acre parcel on the water in Little Pond, a stunning inlet offering panoramic views. This cottage subdivision is a quiet community for those looking for a private, idyllic summer home away from home. Lot 04-5 is cleared, surveyed, and comes with deeded access to both Little Pond and Spry Cove. Calling all ocean lovers! Opportunities like this do not come every day. No covenants! Located 20 minutes to Souris and 30 minutes to Montague. (id:2493)

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Open House. Open House on Saturday, June 13, 2026 1:00PM - 3:00PM

Please visit our Open House at 206 Main Street in Mount Stewart. See details here

Open House on Saturday, June 13, 2026 1:00PM - 3:00PM

Welcome to year round waterfront living in a friendly, quaint community where comfort meets modern design. This beautifully maintained 3 bedroom, 2 bath home offers a bright, contemporary layout designed to maximize natural light and stunning water views. The thoughtfully designed living space is ideal for both everyday living and entertaining, featuring clean lines, modern finishes, and seamless flow throughout. The kitchen is thoughtfully designed with ample storage and workspace, while the spacious bedrooms provide comfort and privacy for family or guests. Step outside and enjoy peaceful waterfront surroundings in every season?perfect for morning coffees, evening sunsets, or outdoor recreation right at your doorstep. A detached two car garage offers plenty of space for vehicles, storage, or hobby equipment. Whether you?re searching for a full time residence or a serene retreat, this property delivers the perfect balance of modern living, natural beauty, and small community charm. (id:2493)

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Open House. Open House on Saturday, June 13, 2026 1:00PM - 3:00PM

Please visit our Open House at 206 Main Street in Mount Stewart. See details here

Open House on Saturday, June 13, 2026 1:00PM - 3:00PM

Welcome to year round waterfront living in a friendly, quaint community where comfort meets modern design. This beautifully maintained 3 bedroom, 2 bath home offers a bright, contemporary layout designed to maximize natural light and stunning water views. The thoughtfully designed living space is ideal for both everyday living and entertaining, featuring clean lines, modern finishes, and seamless flow throughout. The kitchen is thoughtfully designed with ample storage and workspace, while the spacious bedrooms provide comfort and privacy for family or guests. Step outside and enjoy peaceful waterfront surroundings in every season, perfect for morning coffees, evening sunsets, or outdoor recreation right at your doorstep. A detached two car garage offers plenty of space for vehicles, storage, or hobby equipment. Whether you?re searching for a full time residence or a serene retreat, this property delivers the perfect balance of modern living, natural beauty, and small community charm. (id:2493)

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New property listed in Anglo Rustico

We have listed a new property at 131 Bayview Drive in Anglo Rustico. See details here

Experience the pinnacle of contemporary living in this custom-built sanctuary, where every detail is thoughtfully designed for comfort, style, and efficiency. Soaring cathedral ceilings and 24-foot Koller windows with custom blinds flood the interiors with natural light, while spray foam insulation, in-floor hot water loop heating, and a fully automated system, powered by a 200 AMP electric boiler, 1400W generator, and EV charger hookup to ensure year-round ease and peace of mind. The gourmet kitchen blends beauty with function, boasting a professional-grade 5-foot gas stove with double ovens, industrial vent fan, and pot filler. A walnut waterfall island anchors the space, complemented by electronic Capstone cabinets, under/over cabinet lighting, and a custom cherry wood focal light. The entire home is fully wired for integrated wireless speakers, allowing music and sound to flow seamlessly from room to room. The outdoor living area is a showstopper, an all-season retreat for grand entertaining or quiet relaxation. A professional-grade Vulcan gas range, French door refrigerator, and electric fireplace sit within sleek Capstone cabinetry, while a massive 12-foot garage door opens fully to the waterfront. A stone patio with wood-burning fireplace, covered roof with automated blinds, built-in BBQ hookup, and full irrigation system make outdoor living effortless. The primary suite is a serene escape with a walk-in closet and spa-like ensuite featuring five shower heads and a separate water closet. Additional bedrooms offer engineered wood floors, and TV wiring, while the main bath impresses with a walk-in shower and feature tile wall. The two-car garage is both stylish and functional, finished with a pristine epoxy floor, custom Capstone cabinets, built-in sink, and automatic lighting. With four decks, multiple fireplaces, and seamless indoor-outdoor flow, this home is as breathtaking as it is functional. A must see property to (id:2493)

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New property listed in Cambridge

We have listed a new property at Lot 1 Sencabaugh Lane in Cambridge. See details here

Partially clear 1.5 acre building lot just a few minutes walk to the beach in beautiful Cambridge. Lot has an 8 x 10 utility shed included. Perc tested category 1. The perfect place to build your dream home or cottage! (id:2493)

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New property listed in Murray River

We have listed a new property at Lot Cuddys Lane in Murray River. See details here

Check out this rare find on Cuddys Lane, with almost 400 feet of waterfrontage! Located in Gladstone, down a quite and private lane. just a few moments from the charming communities of Murray River & Murray Harbour, these two combined lots will total .77 of an acre for you to build your dream home or cottage on. With stunning views of the Murray River, and surrounded with large, mature trees, you will enjoy watching the birds and listening to the fishers as they come & go with their catches! Don't delay- this property is a unique & beautiful opportunity! (id:2493)

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New property listed in Caledonia

We have listed a new property at 564 Hon J Angus MacLean Road in Caledonia. See details here

Attention all outdoor enthusiasts, hobby farms and horse people, this traditional Prince Edward Island homestead may be the place for you! Nestled in the rolling hills of Lewes is an exceptional property with great potential. Located just off a main road, 564 Hon J Angus MacLean Road is a 51.15-acre hobby farm with a fixer-upper home, newer horse barn, and plenty of room to expand. Approximately 14 acres are cleared and suitable for all crops or as pasture, with the rest being wooded. From the mudroom, you enter into a cozy and rustic kitchen and living room. The spacious primary bedroom and bathroom connect onto the living room. The house currently has one bedroom and one bathroom on the main level, with three partially developed bedrooms upstairs. This old Island home has been a labour of love for the current owner, who is looking to pass it on to someone equally caring. Outside the home is a 230 sq. ft. accessory building and a 1360 sq. ft. Amish-built 6-stall horse barn, ideal for equestrians or anyone with livestock. Let your imagination go wild on this vast property and live the country lifestyle. Located 11 minutes from the Wood Islands Ferry, 14 minutes from Montague and 39 minutes to Charlottetown. No property disclosure, sold as-is, where-is. (id:2493)

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New property listed in Brudenell

We have listed a new property at Lot 14 Fox Run Lane in Brudenell. See details here

Escape to the peace and quiet of Brudenell with this beautiful approximately 1-acre lot on Fox Run Lane, just off Robertson Road. Nestled in a sought-after area with access to the Montague River, this is the perfect setting to build your year-round dream home or cottage retreat. With no covenants, you have the freedom to build the way you want, on your terms and your timeline. Whether you're looking for a full-time residence or a seasonal getaway, this lot offers the tranquility of rural living without being far from everything you need. (id:2493)

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New property listed in Brudenell

We have listed a new property at Lot 8 Fox Run Lane in Brudenell. See details here

Welcome to one of the most special lots on Fox Run Lane. This beautiful treed, 1.3 acre waterfront lot along the river offers a rare combination of natural privacy and direct water access, the kind of setting that feels like a hidden gem. Tucked in off Robertson Road in a quiet, sought-after area of Brudenell, the mature trees create a serene, private backdrop while the river right at your doorstep opens the door to a lifestyle you've been dreaming of. Whether you envision a year-round home nestled among the trees or a cottage retreat where you can kayak, canoe, or simply unwind by the water, this lot is ready to make it happen. With no covenants, you have the freedom to build exactly what you want, the way you want it! Three additional lots are available nearby, making this a wonderful opportunity for family or friends looking to put down roots in the same little corner of the Island. Ready to build, don't miss your chance to own this stunning piece of PEI. (id:2493)

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