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Market Update - Newfoundland & Labrador Association of REALTORS®
Posted by Infinity Admin on
Newfoundland and Labrador MLS® home sales surpass Q1 2021 totals; new listings return to historical average for this time of year
The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 443 units in March 2022. This was down modestly by 2.9% (13 sales) from March 2021.
Home sales were 35.7% above the five-year average and 47.4% above the 10-year average for the month of March.
On a year-to-date basis, home sales totaled a record 1,138 units over the first three months of the year. This was an increase of 12% from the same period in 2021.
Residential activity in St. John’s was up modestly by 3.3% on a year-over-year basis in…
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