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Real estate market update (February 2024)

Real estate market update (February 2024)

Newfoundland

  • The Number of Sales was down 0.4% in February compared to February 2023, and is up 0.6% year to date, January through February.

  • The Number of New Listings was up 20.3% in February compared to February 2023, and is up 15.7% year to date, from January through February.

  • The average Sale Price this year, January through February, is up 3.4% to $299,749 compared to an average sale price of $289,908 in 2023.


St. John’s Metro

  • The number of Sales was up 7.3% in February compared to February 2023, and is up 3.0% year to date, January through February.

  • The number of New Listings was up 33.8% in February compared to February 2023, and is up 23.9% year to date, from January through February.

  • The average Sale Price this year, January through February, is up 0.6% to $348,386 compared to an average sale price of $346,257 in 2023.


Central NL

  • The number of Sales was up 3.1% in February compared to February 2023 and is down 3.6% year to date in 2024 compared to 2023.

  • The number of New Listings was up 31.0% in February 2024 compared to February 2023 and is up 0.8% year to date in 2024 compared to 2023.

  • The average Sale Price this year, January through February, is up 6.4% to $227,619 compared to an average sale price of $213,906 in 2023.


Western NL

  • The number of Sales was down 7.4% in February compared to February 2023, and is up 19.1% year to date, January through February.

  • The number of New Listings was down 16.1% in February compared to February 2023, and is up 7.6% year to date, January through February.

  • The average Sale Price this year, January through February, is down 9.6% to $214,457 compared to an average sale price of $234,983 in 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.