April 2023Newsletter 2023 May 16, 2023

Sales drop as home supply remains low

The number of homes sold in the Fredericton Area Inc. totaled 208 units in April 2023. This was a decrease of 28% from April 2022, according to the Real Estate Board of the Fredericton Area. 

On a year-to-date basis, home sales totaled 599 units over the first four months of the year. This was down by 26% from the same period in 2022.

The overall MLS® HPI composite benchmark price was $279,900 in April 2023, a moderate decrease of 4.2% compared to April 2022.

The more comprehensive year-to-date average price was $315,610, a small reduction of 2.4% from the first four months of 2022.

The number of new listings fell 24.4% from April 2022. There were 273 new residential listings in April 2023.