The Saint John housing market is showing no signs of slowing down, with residential sale prices soaring by 10.5 percent in the first seven months of 2025. A new report from RE/MAX Canada reveals that the average price across all property types has jumped from $335,448 to $370,851 year-over-year.

This price surge is happening in what the report describes as a strong seller’s market, fueled by a shortage of housing supply and persistent high demand. If you’re looking to buy or sell in the city, here’s what you need to know about the current trends.

A Look at the Numbers

The latest data, covering the period from January 1 to July 31, 2025, paints a clear picture of a competitive market. Alongside the double-digit price increase, the number of home sales grew by 7.4 percent, rising from 1,184 to 1,272. At the same time, new listings increased by 13.1 percent, but this has not been enough to cool the market.

Looking ahead, the report forecasts that average sale prices will continue to climb, with an anticipated increase of two percent by the end of the year. The number of sales is also expected to rise slightly by one percent.

A Tough Market for Buyers

For homebuyers, the current landscape presents significant challenges. With high demand and low inventory, most homes are attracting multiple offers, making it difficult to secure a property. On average, homes in Saint John are staying on the market for just 60 days.

The report notes that families, young and middle-aged couples, retirees, and a growing number of new Canadians are driving demand. Many potential buyers are worried that rising prices will make homeownership unattainable. In response, some are saving longer for down payments, while others are receiving financial help from parents, who may co-sign mortgages or help purchase homes with rental units to offset costs.

Why Sellers Are Hesitant

While it’s a seller’s market, not everyone is rushing to list their property. The primary challenge remains the lack of available homes. Many current homeowners are hesitant to sell because they are uncertain about finding a suitable new home to purchase in such a competitive environment. This reluctance contributes to the ongoing inventory shortage.

Image: RE/MAX Canada

Shifting Neighbourhood Focus

Due to affordability challenges in Saint John’s more established neighborhoods, many buyers are expanding their search to surrounding communities. Areas like Hampton, Grand-Bay Westfield, and other smaller communities are gaining appeal as buyers look for more accessible housing options. The report also mentions that the risk of flooding is an important consideration for anyone looking at waterfront properties in the region.

Frequently Asked Questions

How much have home prices increased in Saint John this year?

The average residential sale price in Saint John increased by 10.5 percent between January 1 and July 31, 2025, rising from $335,448 to $370,851.

Is it currently a buyer’s or seller’s market in Saint John?

It is a seller’s market. High demand and a shortage of housing supply have created competitive conditions, often resulting in multiple offers for available properties.

What is the outlook for the Saint John housing market for the rest of 2025?

According to the RE/MAX Canada report, average sale prices are expected to increase by another two percent, and the total number of sales is predicted to rise by one percent by the end of the year.

Why are home listings still low if prices are high?

Many current homeowners are hesitant to sell their homes because they are concerned about their ability to find and purchase a new home in the competitive market. This contributes to the low inventory levels.