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Real estate market update (October 2023)

Newfoundland

  • The number of Sales was down 4.1% in October compared to October 2022 and is down 16.7% year to date, from January through October.

  • The number of New Listings was up 2.0% in October compared to October 2022 and is down 6.2% year to date, from January through October.

  • The average Sale Price this year, January through October, is down 0.8% to $288,330 compared to an average sale price of $290,509 in 2022.


St. John’s Metro

  • The number of Sales was down 11.3% in October compared to October 2022 and is down 19.5% year to date, from January through October.

  • The number of New Listings was down 0.6% in October compared to October 2022 and is down 11.1% year to date, from January through October.

  • The average Sale Price this year, January through October, is up 1.5% to $343,073 compared to an average sale price of $337,964 in 2022.


Central NL

  • The number of Sales was down 4.7% in October 2023 compared to October 2022 and is down 10.6% year to date in 2023 compared to 2022.

  • The number of New Listings was up 41.1% in October 2023 compared to October 2022 and is up 6.3% year to date in 2023 compared to 2022.

  • The average Sale Price this year, January through October, is down 4.0% to $218,479 compared to an average sale price of $227,530 in 2022.


Western NL

  • The number of Sales was up 6.6% in October compared to October 2022 and is down 11.9% year to date, from January through October.

  • The number of New Listings was down 9.7% in October compared to October 2022 and is down 2.9% year to date, from January through October.

  • The average Sale Price this year, January through October, is down 2.3% to $230,617 compared to an average sale price of $236,161 in 2022.


Stay tuned for more updates! #RealEstate #Newfoundland #StJohnsMetro #Central #Western #MarketUpdate

(Data from the Newfoundland and Labrador Association of REALTORS® Matrix MLS® system for 2023.)

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