September home sales dropped but it’s still a sellers’ market

The number of houses sold in the Fredericton area was down 35.9% in September 2022. This was a significant decline from September 2021, yet it was still one of the top three totals for the month of September in history.

The number of new listings fell 12.2% from September 2021. There were 244 new residential listings in September 2022. This was the lowest number of new listings added in the month of September in two decades.

The overall benchmark price was $290,100 in September 2022, an increase of 18% compared
to September 2021.

Despite the dip in sales, the market continued to be in the sellers’ market territory at the end of September 2022.