Newfoundland and Labrador (NL) home sales remain strong, 69.5% above the 10-yr average for the month of January!
33% more homes (365) sold in Jan 2022 vs Jan 2021 – a new sales record for the month of January!
NL benchmark avg price was $324,800 Jan 2022, up by 11.9% vs Jan 2021. St. Johns was $291,300, up 10.2% vs Jan 2021.
The dollar value of all sales in Jan 2022 was $98.1 million, a substantial increase of 43.5% vs Jan 2021! This was also a new record for the month of January!
The number of new listings moderately down 8.1% from Jan 2021. There were 636 new listings in Jan 2022. This is actually the lowest number of new listings added in the month of January in more than a decade!
Active listings haven’t been this low in the month of January in more than a decade, 38.5% below the 10-yr average for the month of January!
Call us to more clearly understand the implications for you.
Rob Burton FRI REALTOR
Fellow of the Real Estate Institute
Award Winning #TeamBurton 🍁 Top 5 in Atlantic Canada 2021