11/10/2026
Nick's PEI Real Estate Update: October 2026
PEI's housing market slowed down in October, but prices held steady.
What happened
187 homes sold across the Island, down 11.8% from last October.
That's still 1.9% above the five-year average for October, so the market is slower but not weak.
Total sales dollars came to $72.5 million, down 16.2%.
What it means for prices
The benchmark price, which tracks the value of a typical home, rose 0.8% to $379,100. It's the second month in a row it's been up from a year ago.
The average sale price fell 5.0% to $387,808. When the average drops but the benchmark holds, it usually means more lower-priced homes sold that month, not that homes lost value.
What buyers should know
There are 6.6 months of inventory, up from 6.0 a year ago. That gives buyers more choice and more room to negotiate.
1,236 homes were for sale at the end of the month.
The year so far
1,672 homes have sold so far this year, down 9.9%.
The average price this year is $408,193, up 2.2%.
By area (latest quarterly numbers, Q3 2026)
Eastern PEI is the strongest area. The median price rose 15.3% to $357,500 and sales rose 13.6%.
Charlottetown is steady, with the median price up 1.6% to $467,500 and sales up 6.8%.
Summerside sold more homes at slightly lower prices. Sales rose 29.3% and the median price fell 2.7% to $360,000.
Stratford is the slowest area. It's the only one down on both price (−2.4%) and sales (−12.5%), but it's still the most expensive part of the Island at $526,900.
The bottom line: Fewer homes are selling, but values are holding and buyers have more options than they did a year ago. Numbers for the whole Island only go so far. If you're thinking about buying or selling, send me a message and I'll pull the numbers for your area and price range.
Nick Tweel · Coldwell Banker Parker Realty · Charlottetown, PE
Source: PEIREA / CREA MLS® Statistics
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