Sales Activity - October
Overall the PEI real estate market remained stable in October. With most measurements up just slightly including the average price.
The number of homes sold through the MLS® System of the PEI Real Estate Association totalled 212 units in October 2025. This was nearly unchanged, down only 0.9% (two sales) from last year. Home sales were 13.1% above the five-year average and 8.4% above the 10-year average for the month.
New Listings September 2025
The number of new listings was up by 6.8% from October 2024. There were 312 new residential listings in October 2025. This was also the largest number of new listings added in the month of October in history.
New listings were 11.8% above the five-year average and 22.4% above the 10-year average for the month.
A very strong fall market for new listings!
Active Listings in October
Active residential listings numbered 1,250 units on the market at the end of the month, an increase of 4.2% from last year. Active listings haven't been this high in the month of October in more than five years.
Months of Inventory
Months of inventory numbered 5.9 at the end of October 2025, up from the 5.6 months recorded at the end of October 2024 and above the long-run average of 5.5 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.
Finally the average price crept a tiny bit higher last month. Staying over $400K Again. We’ve set up a dedicated section of our site here to display all the homes available on PEI below that price if you’re interested! Taek a look!
Meanwhile the average price of a home on PEI last month was $408,083. See you next month!
