MLS Stat Aug 2022

September 20, 2022

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NL Home Sales Still Well Above Average in August!

667 homes sold August 2022, declining 4.7% from August 2021 but 29.8% above the 10-yr avg!

So far, for the first 8 months of 2022, nearly unchanged from 2021.

The dollar value of all home sales in Aug 2022 was $200.4 million, up 3% from the same month in 2021. This was a new record for the month of August!

The benchmark price for single-family homes in St. John’s was $334,100, advancing 8.8% on a year-over-year basis in August.

Active residential listings are down sharply by 33.9% from the end of August 2021. Active listings haven’t been this low in the month of August in more than a decade.

Noteworthy, things are changing area by area, single detached home sales in St. John’s posted a notable decline of 22.5% from levels recorded in August 2021.

RobBurtonFRI.ca | Rob Burton FRI REALTOR® (709) 682-2345 Fellow of the Real Estate Institute⁠, ⁠Award Winning #TeamBurton 🍁 Top 5 Atlantic Canada 2021 #Trust #Professional #TeamWork #YourUnfairAdvantage