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Real estate market update (April 2024)

Real estate market update (April 2024)

Newfoundland

🟡 The number of Sales was up 25.2% in April compared to April 2023, and is up 3.7% year to date, January through April.

🟡 The number of New Listings was up 18.3% in April compared to April 2023, and is up 12.5% year to date, January through April.

🟡 The average Sale Price this year, January through April, is up 7.0% to $298,978 compared to an average sale price of $279,434 in the first four months of 2023.


St. John’s Metro

🔵 The number of Sales was up 13.2% in April compared to April 2023, and is up 3.6% year to date, January through April.

🔵 The number of New Listings was up 17.6% in April compared to April 2023, and is up 15.7% year to date, January through April.

🔵 The average Sale Price this year, January through April, is up 8.4% to $357,033 compared to an average sale price of $329,240 in the first four months of 2023.


Central NL

🟣 The number of Sales was up 18.4% in April compared to April 2023, and is down 2.9% year to date in 2024 compared to 2023.

🟣 The number of New Listings was up 22.3% in April 2024 compared to April 2023, and is up 9.3% year to date in 2024 compared to 2023.

🟣 The average Sale Price this year, January through April, is down 1.4% to $216,949 compared to an average sale price of $220,013 in the first four months of 2023.


Western NL

🟢 The number of Sales was up 31.3% in April compared to April 2023, and is up 21.9% year to date, January through April.

🟢 The number of New Listings was up 10.4% in April 2024 compared to April 2023, and is up 7.9% year to date in 2024 compared to 2023.

🟢 The average Sale Price this year, January through April, is up 0.2% to $206,483 compared to an average sale price of $206,098 in the first four months of 2023.


Stay tuned for more updates! #RealEstate #Newfoundland #StJohnsMetro #Central #Western #MarketUpdate

(Data from the Newfoundland and Labrador Association of REALTORS® Matrix MLS® system for 2024.)

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.