PEI’s housing market continues to show steady activity and resilient prices this fall:
🏡 190 homes sold in September
➡️ Down just 2.6% from last year
➡️ Still 5.4% above the 5-year average
📈 Year-to-date sales:
✔️ 1,645 homes sold (Jan–Sept)
✔️ Up 7.9% vs. 2024
💰 Prices:
• MLS® HPI benchmark (single-family): $375,500
→ Essentially flat year-over-year (+0.9%)
• Average sale price (Sept): $402,231 (+3.5%)
• YTD average price: $398,040 (+3.1%)
📦 Listings & Inventory:
• 324 new listings (+7.6% YoY)
• Active listings: 1,319 homes → highest September supply in 5+ years
• Months of inventory: 6.9 (balanced-to-buyer-leaning territory)
💡 What it means:
PEI’s market is balanced, stable, and well-supplied heading into fall. Prices remain steady, buyers have more choice, and sellers benefit from strong year-to-date demand.
If you’d like a breakdown for your area or want to know what your home is worth, I’m here to help!
— Jodi Bernard | CENTURY 21 Northumberland Realty 🏡✨
