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Market Update
Posted by Infinity Admin on
MLS® home sales in Newfoundland and Labrador post third best monthly total ever in July, overall inventory remains stable
The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 703 units in July 2022, declining 11.9% from July 2021.
Home sales were 17.9% above the five-year average and 30.8% above the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 3,563 units over the first seven months of the year. This was virtually unchanged from the same period in 2021, moving only 0.1% (five sales).
Residential activity in St. John’s was down by 10.9% on a year-over-year basis in July, while activity…
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