Sales Activity in September

Home sales in PEI ticked up again in September after a small drop last month. The market is still balanced and the average home price hasn’t really changed at all for the month.

Home sales were 5.4% above the five-year average and 4.5% below the 10-year average for September.

On a year-to-date basis, home sales totaled 1,645 units over the first nine months of the year. This was a gain of 7.9% from the same period in 2024.

New Listings September 2025

New listings as you can see were also on the average. The number of new listings increased by 7.6% from September 2024. There were 324 new residential listings in September 2025.

New listings were 7.9% above the five-year average and 13.2% above the 10-year average for the month of September.

Active Listings in September

Active residential listings numbered 1,319 units on the market at the end of September, a modest gain of 1.8% from the end of September 2024. Active listings haven't been this high in the month of September in more than five years.

We’re really back to pre-COVID levels of inventory on the Island which will contribute to stability and likely a bit of a drop in average home prices, though a new normal in that has likely been achieved.

Months of Inventory

Months of inventory numbered 6.9 at the end of September 2025, up from the 6.6 months recorded at the end of September 2024 and above the long-run average of 5.8 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.

Sales Activity in August

While the national picture was different (Home sales rose 1.9% YOY across Canada) PEI’s story was a 7.4% drop in home sales from last August. We did have an extraordinary June though and a busy July. So a slightly slower August is not really a problem. Sales totalled 199 units in the month down from 215 last August and 225 in July.

New Listings August 2025

The number of new listings decreased by 6.2% from August 2024. There were 335 new residential listings in August 2025. As you can see from the chart these numbers are in line with the last 10 years, even during the pandemic.

New listings were 2.6% below the five-year average and 0.1% below the 10-year average for the month.

Active Listings

Active residential listings numbered 1,342 units on the market at the end of August, a modest gain of 1.2% from the end of August 2024. Active listings haven't been this high in the month of August in more than five years but they seem to be stabilizing at pre-pandemic levels once again!

Active listings were 24.6% above the five-year average and 16% above the 10-year average for the month.

Months of Inventory

Months of inventory numbered 6.7 at the end of August 2025, up from the 6.2 months recorded at the end of August 2024 and above the long-run average of 5.1 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.

Sales Activity in July

The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 225 units in July 2025. This was a gain of 5.6% (12 sales) from July 2024. Residential sales haven't hit this level in the month of July in five years.

Home sales were 12.1% above the five-year average and 7.4% above the 10-year average for the month.

New Listings July 2025

The number of new listings saw a gain of 9.5% from July 2024. There were 437 new residential listings in July 2025. This was the largest number of new listings added in the month of July in a decade.

New listings were 14.3% above the five-year average and 19.1% above the 10-year average for the month.

Active Listings

Active residential listings numbered 1,359 units on the market at the end of July, up by 4.3% from the end of July 2024. Active listings haven't been this high in the month of July in more than five years.

Active listings were 29% above the five-year average and 16.6% above the 10-year average for the month.

Inventory is climbing slowly but steadily.

Months of Inventory

Months of inventory numbered 6 at the end of July 2025, down from the 6.1 months recorded at the end of July 2024 and above the long-run average of 5.6 months for this time of year.

The number of months of inventory is the number of months it would take to sell our existing supply of homes at the current rate of sales activity.

Sales Activity June 2025

The Summer market is under way on PEI but stability seems to be the trend. New Listings are up but sales are too! See what happened last month:

Homes sold totalled 243 units in June 2025. This was an advance of 51.9% from June 2024. This was also a new sales record for the month!

New Listings June 2025

The number of new listings saw a gain of 23.5% from June 2024. There were 458 new residential listings last month. This was the largest number of new listings added in the month of June in a decade.

Active Listings June 2025

Active residential listings numbered 1,260 units on the market at the end of June, up modestly by 2.9% from the end of June 2024. Active listings haven't been this high in the month of June since before COVID times. However they are still quite stable overall, there isn’t a massive surplus inventory like a decade ago.

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.

Sales Activity April 2025

As you can see from the chart this month had no surprises based on the past few years of April sales numbers.

The number of homes sold through the MLS® System totaled 184 units in April 2025. This was an increase of 4% (seven sales) from last year. A pretty solid month on PEI for the spring market except for outliers in 2020 and 2021.

New Listings April 2025

New listings are on par with last year’s numbers, but a small increase this April is the record for most new listings in the month in history on PEI. This means stable inventory numbers with no extreme swings though since there’s lots of product out there for buyers to shop for.

Active Listings April 2025

Active residential listings numbered 1,067 units on the market at the end of April, a moderate gain of 8% from the end of April 2024. Active listings haven't been thishigh in the month of April in more than five years.

So Inventory is good and stable, and has been for quite a while, though home prices have not really decreased as a result they remain on their slow and steady climb.

Sales Activity March 2025

The number of homes sold through the MLS® System of the PEIREA totaled 160 units last month. This was an increase of 13.5% from last March.

Home sales were 3.3% below the five-year average and 9.6% above the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 397 units over the first three months of the year. This was a sizable gain of 10.3% from the same period in 2024.

New Listings March 2025

The number of new listings saw an increase of 10.1% from last year. There were 317 new residential listings last month - also the largest number of new listings added in the month of March in history!

New listings were 22.9% above the five-year average and 29.8% above the 10-year average for the month of March. Wow!

Active Listings March 2025

Active residential listings numbered 961 units on the market at the end of last month, a moderate gain of 9.6% from the end of March last year. Active listings haven't been this high in the month of March since pre-pandemic days.

Active listings were 39.2% above the five-year average and 11.1% above the 10-year average for the month of March.

New Listings February 2025

The number of new listings rose 13.8% from February 2024. There were 231 new residential listings in February 2025. This was the largest number of new listings added in the month of February in more than 15 years!

New listings were 17.9% above the five-year average and 23.3% above the 10-year average for the month of February.

Sales Activity February 2025

The number of homes sold through the MLS® System of the PEIREA totaled 126 units in February 2025. This was a gain of 9.6% (11 sales) from February 2024.

Home sales were 2.3% below the five-year average and 4.6% above the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 237 units over the first two months of the year, up by 8.2% from the same period in 2024.

Active Listings February 2025

Active residential listings numbered 908 units on the market at the end of February, up by 9.5% from the end of February 2024. Active listings haven't been this high in the month of February in more than five years.

Active listings were 35.9% above the five-year average and 8.3% above the 10-year average for the month of February.

New Listings for 2024

The best word to describe real estate on PEI in 2024 was “stable”

Statistics showed very little change from 2023 stats across different data, including new listings, sales & average price.

3,491 New 🏡 Listings came on the PEI MLS® Listing System in 2024. Up by 9.3% from last year.

Sales Activity for 2024

The best word to describe real estate on PEI in 2024 was “stable”

On an annual basis, home sales totaled 2,028 units over the course of 2024. This was an increase of 8.7% from 2023. Certainly this was down from the highs of 2021 Covid times but quite a solid year for sales on PEI on average.

Active Listings Average for 2024

This number is the average of how many listings were on the market at the end of each month in 2024, so as you can see inventory has steadily improved over the last couple of years which helps prices and selection stay stable!

The average inventory at the end of every month in 2024 was 1,044 homes! Good selection!