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        April Newsletter 2022 • Monthly Newsletter • April 11, 2022

        Fredericton home sales post second highest March totals on record

        by Josie Livingstone

        Home sales were 20.5% above the five-year average and 40.3% above the 10-year
        average for the month of March.

        The average price of homes sold in March 2022 was a record $350,655, up by
        24.8% from March 2021.

        The number of new listings fell by 17.2% from March 2021. There were 365 new
        residential listings in March 2022.

        New listings were 1.8% below the five-year average and 14% below the 10-year
        average for the month of March.

        Active residential listings numbered 285 units on the market at the end of March, a
        sharp decrease of 41.1% from the end of March 2021. Active listings haven’t been
        this low in the month of March in more than two decades.

        Active listings were 62.3% below the five-year average and 75.9% below the 10-
        year average for the month of March.

        Months of inventory numbered 1.1 at the end of March 2022, down from the 1.5
        months recorded at the end of March 2021 and below the long-run average of 7.6
        months for this time of year. The number of months of inventory is the number of
        months it would take to sell current inventories at the current rate of sales activity.

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        July Newsletter 2022 More houses listed in June but total sales dropped compared to last year Home sales in the Fredericton area dropped during the first six months of 2022 compared to the same period last year. The month of June also saw a 10.8 per cent decline. The  Real Estate Board of the Fredericton Area said that on a year-to-date basis, home sales totaled 1,432 units over the first six months […]
        June Newsletter 2022 Average prices up but first five months sales dipped compared to last year Home sales were strong in May at 8% above the five-year average and 9.3% above the 10-year average, but total sales for first five months of 2022 were lower by 18% compared to the same period last year.  The total houses sold at 309 units in May was also lower by 13.9% compared to May 2021. […]
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