Sales Activity May 2025
The Spring market was coming to an end and the Summer market is kicking into gear as we arrive in June. Here’s what the real estate market looked like in PEI last month!
The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 218 units in May 2025. This was up by 6.9% (14 sales) from May 2024. Residential sales haven't hit this level in the month of May in more than five years.
New Listings May 2025
The number of new listings was essentially unchanged, up only 0.2% (one listing!) from May 2024. There were 426 new residential listings in May 2025. This was the largest number of new listings added in the month of May in more than five years.
New listings were 9.3% above the five-year average and 8.9% above the 10-year average for the month of May.
Active Listings May 2025
Active residential listings numbered 1,182 units on the market at the end of May, an increase of 6.2% from the end of May 2024. Active listings haven't been this high in the month of May in more than five years.
Active listings were 38.5% above the five-year average and 16% above the 10-year average for the month of May.
The average price of a home sold on Prince Edward Island last month was $410,980. Down slightly from last month but as the chart below indicates this number has been relatively stable since late 2022. See you next month!
