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Real Estate Market Update (November 2024)

Real Estate Market Update (November 2024)

Newfoundland

🟡 Number of Sales was up 10.9% in November compared to November 2023 and is up 5.9% year to date, from January through November 2024.

🟡 Number of New Listings was up 0.2% in November compared to November 2023 and is up 4.4% year to date, from January through November 2024.

🟡 Average Sale Price this year, January through November, is up 8.7% to $314,551 compared to an average sale price of $289,419 for the same period in 2023.


St. John’s Metro

🔵 Number of Sales was up 15.3% in November compared to November 2023 and is up 7.5% year to date, from January through November 2024.

🔵 Number of New Listings was down 5.8% in November compared to Oc November over 2023, and is up 3.1% year to date, January through November 2024.

🔵 Average Sale Price this year, January through November, is up 8.6% to $375,346 compared to an average sale price of $345,576 for the same period in 2023.


Central NL

🟣 Number of Sales was up 41.4% in November compared to November 2023 and is up 2.4% year to date in 2024 through November compared to 2023.

🟣 Number of New Listings was up 17.0% in November 2024 compared to November 2023 and is up 6.1% year to date, from January through November 2024.

🟣 Average Sale Price this year, January through November, is up 6.7% to $229,270 compared to an average sale price of $214,537 for the same period in 2023.


Western NL

🟢 Number of Sales was down 23.5% in November compared to November 2023, and is up 3.0% year to date, from January through November 2024.

🟢 Number of New Listings was up 6.2% in November 2024 compared to November 2023, and is up 0.8% year to date, from January through November 2024.

🟢 Average Sale Price this year, January through November, is up 3.5% to $241,958 compared to an average sale price of $233,694 for the same period in 2023.


Burin Peninsula NL

🔴 Number of Sales was down 18.2% in November compared to November 2023 and is down 6.4% year to date, January through November 2024.

🔴 Number of New Listings was down 31.3% in November 2024 compared to November 2023 and is down 10.0% year to date, from January through November 2024.

🔴 Average Sale Price this year, January through November, is up 10.2% to $148,887 compared to an average sale price of $135,049 for the same period in 2023.


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.)

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.