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Real Estate Market Update (June 2024)

Newfoundland

🟡 The Number of Sales was down 15.4% in June compared to June 2023, and is up 0.5% year to date, from January through June 2024.

🟡 The number of New Listings was down 7.5% in June compared to June 2023, and is up 5.7% year to date, from January through June 2024.

🟡 The average Sale Price this year, January through June, is up 8.7% to $303,394 compared to an average sale price of $279,214 in the first half of 2023.


St. John’s Metro

🔵 The number of Sales was down 5.9% in June compared to June 2023, and is up 3.0% year to date, from January through June 2024.

🔵 The number of New Listings was down 9.3% in June compared to June 2023, and is up 6.3% year to date, from January through June 2024.

🔵 The average Sale Price this year, January through June, is up 9.5% to $363,380 compared to an average sale price of $331,812 in the first half of 2023.


Central NL

🟣 The number of Sales was down 31.6% in June compared to June 2023, and is down 8.1% year to date in 2024 through June compared to 2023.

🟣 The number of New Listings was up 14.3% in June 2024 compared to June 2023, and is up 6.8% year to date, from January through June 2024.

🟣 The average Sale Price this year, January through June, is down 1.3% to $209,636 compared to an average sale price of $212,480 in the first half of 2023.


Western NL

🟢 The number of Sales was down 29.5% in June compared to June 2023, and is up 6.9% year to date, from January through June 2024.

🟢 The Number of New Listings was down 6.0% in June 2024 compared to June 2023, and is up 0.2% year to date through June 2024 compared to 2023.

🟢 The average Sale Price this year, January through June, is up 4.1% to $224,343 compared to an average sale price of $215,495 in the first half of 2023..

Burin Peninsula NL

🔴 The number of Sales was unchanged in June compared to June 2023, and is down 12.8% year to date, from January through June 2024.

🔴 The number of New Listings was down 33.3% in June 2024 compared to June 2023, and is down 20.5% year to date in 2024 through June compared to 2023.

🔴 The average Sale Price this year, January through June, is up 4.2% to $146,473 compared to an average sale price of $140,529 in the first half of 2023.

(Data from the Newfoundland and Labrador Association of REALTORS® Matrix MLS® system for 2024.).


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.)

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