More than 1,000 homes were sold in May, marking the strongest monthly performance in nearly two years, according to the New Brunswick Real Estate Board.
The data showed that 1,027 homes sold in May, which is a 5.9 per cent increase from May 2024.
The province recorded a modest year-to-date gain with 3,647 homes sold over the first five months of this year.
Sales grew in every major region, with Greater Moncton and the Fredericton area leading the numbers.
Price trends varied by property type. The overall MLS Home Price Index composite reached $325,000, up 6 per cent from last May.
Single-family homes hit a benchmark price of $325,900, rising 6.1 per cent, and apartments climbed 5 per cent to $296,400.
However, townhouse values dropped by 13.9 per cent to $249,100.
New listings numbered 1,579 in May, down 4.3 per cent from last year, while active residential listings increased 5.3 per cent to 3,448, the highest May total in five years.
Homes are selling faster than usual, with available listings expected to take about three and a half months to sell at the current pace.
That’s shorter than the long-term average of nearly five months, keeping the market competitive for buyers.
Officials say limited inventory continues to put pressure on buyers.
