Home sales dip by 2.5% in June

In June, the Fredericton region saw a total of 276 home sales, reflecting a 2.5% decline from the same month last year. During this period, new listings rose by 3.7%, compared with a year ago, reaching a total of 338. The average home price however, experienced a slight dip, decreasing by 1.0% to $334,512 compared to June 2023.

Year-to-date figures for the first six months of 2024 reveal a 3.3% increase in total home sales, amounting to 1,193 transactions. Total listings rose by 6.8%, reaching 1,722. Meanwhile, the average home price saw a significant rise, climbing 4.8% from the previous year to $341,823.