06/12/2026
Prince Edward Island May Market Update 🌊🏡
May brought a slightly softer pace to the PEI market, with a few key trends standing out:
• New listings were down 3.7% year over year, with 412 properties coming to market.
• Active listings also edged lower, sitting at 1,159, down 2.1% compared to last year.
• Sales activity slowed to 176 sales, representing a 19.3% year over year decrease.
• The average price remained relatively steady at $404,284, down modestly by 1.5%.
• Median days on market increased to 45.5, suggesting some homes are taking longer to sell.
• Months of inventory rose to 6.6, giving buyers more breathing room compared to tighter market conditions.
Overall, the PEI market continues to move, but with a more balanced pace between buyers and sellers. Whether you are thinking about buying, selling, or simply watching the market, having a clear strategy makes all the difference.
Local experts, leading you home: https://ow.ly/o7QV50Zb5s8