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Real estate market update (April 2023)

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Real estate market update (April 2023)

Newfoundland

  • The number of Sales was down 23.2% in March compared to March 2022, and is down 22.7% year to date, January through March.

  • The number of New Listings was down 18.6% in March compared to March 2022, and is down 18.8% year to date, January through March.

  • The average Sale Price was up 2.1% to $275,960 through March 2023 year to date over 2022.

St. John’s Metro

  • The number of Sales was down 30.5% in March compared to March 2022, and is down 26.8% year to date, January through March.

  • The number of New Listings was down 27.0% in March compared to March 2022, and is down 27.5% year to date, January through March.

  • The average Sale Price was up 4.7% to $329,136 through March 2023 year to date over 2022.

Central NL

  • The number of Sales was even in March 2023 compared to March 2022 and is down 19.2% year to date in 2023 compared to 2022

  • The number of New Listings was down 7.8% in March 2023 compared to March 2022 and is down 0.9% year to date in 2023 compared to 2022

  • The average Sale Price was up 14.8% year to date to $224,291 through March 2023 vs 2022

Western NL

  • The number of Sales was up 28.9% in March compared to March 2022, but are down 21.8 % year to date, January through March.

  • The number of New Listings was down 13.8% in March compared to March 2022, and is down 14.2% year to date, January through March.

  • The average Sale Price was down 7.5% to $208,016 through March 2023 year to date over 2022.

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