NL HOME SALES SET ANOTHER RECORD FOR MAY
587 homes SOLD in the province in May, over 4% more than May 2021, and overall 56.6% above the 10-yr avg for the month of May!
Interestingly single detached homes softened mildly in St. John’s, sales down 17.7% from levels recorded last May 2021.
The benchmark price for single-family homes in St. John’s is now $318,400, up 8.4% yr-over-yr.
The dollar value of all NL sales in May 2022 was $173.7 million, 10.8% more than last May 2021, also a new record for any May!
Active listings haven’t been this low in more than a decade 35.1% below the 10-yr avg!
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