Newfoundland
The number of Sales was down 30.9% in May compared to May 2022 and is down 28.6% year to date, from January through May.
The number of New Listings was down 10.3% in May compared to May 2022 and is down 13.4% year to date, from January through May.
The average Sale Price this year, January through May, is down 2.2% to $277,171 compared to an average sale price of $290,503 in 2022.
St. John’s Metro
The number of Sales was down 36.6% in May compared to May 2022 and is down 30.9% year to date, from January through May.
The number of New Listings was down 9.2% in May compared to May 2022 and is down 19.9% year to date, from January through May.
The average Sale Price this year, January through May, is down 4.6% to $330,494 compared to an average sale price of $338,079 in 2022.
Central NL
The number of Sales was down 5.5% in May 2023 compared to May 2022 and is down 18.4% year to date in 2023 compared to 2022.
The number of New Listings was down 1.4% in May 2023 compared to May 2022 and is up 0.6% year to date in 2023 compared to 2022.
The average Sale Price this year, January through May, is down 7.4% to $210,657 compared to an average sale price of $227,530 in 2022.
Western NL
The number of Sales was down 26.9% in May compared to May 2022 and is down 28.8% year to date, from January through May.
The number of New Listings was down 8.2% in May compared to May 2022 and is down 7.2% year to date, from January through May.
The average Sale Price this year, January through May, is down 16.3% to $197,264 compared to an average sale price of $235,784 in 2022.
Stay tuned for more updates! #RealEstate #Newfoundland #StJohnsMetro #Central #Western #MarketUpdate
(Data from the Newfoundland and Labrador Association of REALTORS® Matrix MLS® system for 2023.)
