08/05/2026
July gave us a clearer look at the Fredericton market.
Sales were lower than last July, but that only tells part of the story. Fredericton and Region recorded 254 residential sales in July, down 15.1 percent from July 2025. Active listings were up 19.4 percent, and months of inventory sat at 3.1 compared with 2.2 last July.
I’ve had a few clients mention that signs seem to be staying up a little longer before the sold sign goes on, and I think that matches the market right now. Summer has been quieter, and the pace feels a little more traditional than it did during the peak years. Buyers still seem interested, but they have more room to think.
The price side is still holding up. July’s average sale price was $372,263, up 4.6 percent from last July. The MLS® Home Price Index benchmark price was $361,100, up 5.9 percent over 12 months. In plain language, that gives us a cleaner look at price trends because it is less affected by which homes happened to sell in July.
The clearest shift is in negotiation room. July’s sale to list price ratio was 98.0 percent, compared with 100.5 percent last July. A year ago, the average home was selling slightly above list. This July, the average sale finished below list.
If I were sitting down with a homeowner right now, I’d say the market is still in a good place. Fredericton has more inventory than last year, prices are holding, and it’s still seller leaning. The difference is that buyers have more options to compare, so the focus needs to be on the right price, a clear first impression, and dealing with obvious concerns before they become objections.
If you are thinking about selling, the useful question is not simply what the market is doing. It is where your home fits in the market buyers are seeing right now.
