Fredericton home sales surge in February as average price dips slightly

In February, home sales in the Fredericton region reached 132, marking a 16.8% increase from February last year. New listings during the same period surged by 10.2%, totaling 194. However, the average price dipped slightly to $314,758, down 1.4% compared to February 2023.

Year-to-date figures or numbers for the first two months of 2024 reveal a 2.8% uptick in total home sales, reaching 218. Total listings rose by 2.1% to 341. Meanwhile, the average price saw a notable increase, reaching $310,842, up by 7.2% from the previous year.