Why are more homes still for sale in Fredericton?

Homes took longer to sell across Fredericton and Region in October. The median time to sell was 32 days, up from 23.5 days a year earlier. That extra week helps explain why buyers had more homes to choose from even though fewer new listings came onto the market. New listings were down 1.7%, but sales fell 15.7%. Homes were coming off the market more slowly, leaving 715 still for sale at the end of October, up 17.8% from a year earlier.

You can see the shift in how deals closed, too. Across the region, homes sold for an average of 97.5% of asking price, compared with 99.2% last October. And at October’s sales rate, the region had 4.2 months of inventory, up from 3.0 a year earlier. For buyers, that means more homes to compare. For sellers, it means paying closer attention to the other homes those buyers can see this weekend.

The price figures tell a slightly different story. The average sale price was $359,550, down 4.8% from a year earlier. At the same time, the MLS® Home Price Index put the price of a typical home at $368,400, up 4%. The average depends on which homes happened to sell that month. The index adjusts for differences in the mix of homes sold, which helps explain why the two figures can move in opposite directions.

The regional numbers also don’t tell the whole story inside the city. Fredericton North had 3.2 months of inventory in October, and Fredericton South had 3.5, both below the regional figure of 4.2. North side homes sold for an average of 99.3% of asking price, while south side homes averaged 98.3%. Even within those areas, conditions can differ by neighbourhood, price range and property type.

When I’m pricing a home, I start with recent sales, then look at what’s for sale today. The sold homes tell me what buyers have been willing to pay. The active listings show what they can choose instead. With more homes staying on the market, I’d give that second comparison more attention than I would have a year ago.

Source: New Brunswick Real Estate Board, Fredericton and Region Residential Market Activity and MLS® Home Price Index, October 2026.