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Newfoundland and Labrador MLS® home sales increase from April totals
Posted by Infinity Admin on
Get ready for a real estate rollercoaster ride! In May 2023, the MLS® System of the Newfoundland and Labrador Association of REALTORS® witnessed some fascinating twists and turns. Brace yourself for the numbers!
A total of 403 homes were sold that month, but hold on tight, because that's a 31.3% drop compared to May 2022. We're not reaching the heights we were hoping for.
In fact, home sales were 7% below the five-year average and 6% above the 10-year average for May. So, we're somewhere in the middle of the real estate spectrum.
Now, let's zoom out and take a look at the bigger picture. From January to May 2023, a total of 1,598 homes were sold, marking a 27.7% decline from the same period in 2022. We're definitely seeing some twists and…
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