July 2025 Fredericton Market Update: 32% More Sales, 10% Fewer Listings

Someone once said, “Summer should get a speeding ticket,” and that doesn’t feel truer than in August. So, I hope you can slow summer down just a little this month and enjoy it before getting back into a busy routine.

When you have a moment to relax, take a peek at this month’s e-newsletter, which features your monthly update on the Fredericton area’s residential real estate market for July 2025, along with some insight into the year-to-date trends.

In July, a total of 297 homes were sold, which marks a 32.0% increase compared to the same month last year. New listings were also up slightly at 330 units, a 1.2% rise year-over-year. However, active listings declined by 10.5%, leaving just 636 homes on the market — a clear sign of tightening inventory.

The average sale price in July was $354,591, reflecting a 2.0% increase, while the median number of days on market was 24 days, up from 21 days last year.

Looking at the year-to-date figures (January through July 2025), we’ve seen 1,491 homes sold, which is a 4.6% increase over the same period last year. There were 2,111 new listings, up 1.6%, and the average sale price climbed to $371,611, representing a strong 7.9% year-over-year increase. Homes are continuing to sell quickly, with the median days on market now at 22, slightly faster than 19.5 days last year.

What does all this mean? Simply put, buyer demand remains strong while the number of homes for sale continues to tighten. This combination is pushing prices upward and keeping the market competitive. While homes are still moving relatively fast, we are seeing a slight increase in how long they remain on the market compared to last year, particularly in the month of July.

As we head into late summer and early fall, we expect the market to remain active, with continued price growth driven by limited inventory.

Wishing you an enjoyable rest of your summer. If you have any questions about the market or are considering buying or selling a home, I’d be happy to provide a personalized analysis or help you plan your next steps.