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Market Shifts: 11.4% More Listings, 7.1% Higher Prices in Fredericton Real Estate
I wanted to share a quick update on the Fredericton real estate market as we move through the spring season. In April, we saw 247 homes sold, which represents a 9.2% decrease compared to last year, while new listings rose to 369—up 5.7%. The average sale price increased to $381,354, marking a solid 6.3% year-over-year gain.
Looking at the year-to-date numbers, 628 homes have sold so far in 2025, down 2.9%, but new listings have reached 1,019, an increase of 4.9%. Active listings are also on the rise, now at 485, up 11.4%. Prices remain strong with the average sale price sitting at $364,161—a 7.1% jump from the same time last year. Overall dollar volume is up 4.0%, totaling just $228,693,105.
These trends suggest a balanced and active market. Buyers are seeing more choices as inventory builds, and sellers continue to benefit from rising prices. If you’re thinking of making a move or just want to understand what these numbers mean for you, I’d be happy to chat.
March Power Play: 4.4% Price Jump Puts Sellers in the Driver’s Seat
As spring blooms, it’s the perfect time to think about fresh starts—whether it’s a new garden, a home renovation, or finding your dream property. The market is warming up just like the weather, and I’d love to help you take advantage of it.
In March 2025, the Fredericton area real estate market continued to show steady growth and a healthy pace of activity. A total of 156 homes were sold during the month, up slightly by 1.3% compared to March 2024. New listings also saw an increase, reaching 300—an improvement of 9.5% year-over-year, giving buyers a bit more choice in the market. The average sale price rose to $358,274, a 4.4% increase from the previous year, reflecting ongoing demand and strong property values.
Looking at the year-to-date numbers, there have been 380 sales so far in 2025, up 1.3% from the same period last year. New listings totalled 649, a 4.3% increase, while the average price climbed to $353,779—up a notable 8.5%. The total dollar volume of sales reached $134,435,969, marking a healthy 9.9% gain year-over-year.
Overall, the market remains balanced but is leaning in favour of sellers. Inventory levels are still relatively low compared to demand, which means well-priced homes are moving quickly and often receiving strong offers. It’s a great time for sellers to take advantage of market conditions, while buyers may want to act decisively when the right opportunity arises.
If you’re thinking about buying, selling, or just curious about your home’s value, I’d be happy to help you navigate your next step.
February 2025 Housing Market Update: Sales Dip, Prices Surge
In February 2025, there were 118 sales, reflecting a decline of 10.6% compared to the previous year. The number of new listings also saw a decrease, with 171 properties listed, marking a 14.9% drop. Despite the reduced sales activity, the average price of homes rose to $352,588, representing an 11.6% increase compared to February 2024.
Year-to-date statistics show a total of 224 sales, a modest increase of 1.4% compared to the same period in 2024. New listings reached 349, reflecting a slight 0.3% increase. The average price for the year-to-date period stood at $349,403, up 11.2%, while the total dollar volume reached $78,266,172, marking a 12.7% growth.
Despite a dip in sales and new listings, home prices continue to climb, reflecting a strong market. As we move further into 2025, we’ll keep you updated on key trends and opportunities. If you have any questions or need expert guidance, feel free to reach out. Stay tuned for next month’s update!
Fredericton home sales surge 18% in January
Welcome to your monthly update on the Fredericton and Region real estate market! In January 2025, a total of 105 homes were sold, reflecting an 18% increase from January 2024. The market for new listings saw 178 properties added, representing a 21.1% rise compared to the previous year.
The average home price in January 2025 was $348,198, marking an 11.7% increase from January 2024. Meanwhile, the total dollar volume for the month reached $36,560,756, which represents a 31.8% increase from the same period last year.
What this means for buyers and sellers. For buyers, the increase in new listings provides more options, but rising prices may require careful budgeting. For sellers, the higher average prices and strong dollar volume indicate a solid market, making this an opportune time to sell.
In addition to keeping in touch with my e-newsletters, I also keep a close watch on the local real estate scene, so when you have questions, need advice, or are looking for opportunities, I’m ready to be there for you.
So, if you, or a friend, colleague, family member, or neighbour have any real estate-related questions or concerns, or need a contractor recommendation, I hope you will think of me.
Looking back at 2024
Looking back at 2024, a total of 2,330 homes were sold, up by 4.6% from 2023.
For December alone, the number of homes sold totaled 109 units, a gain of 13.5% from December 2023. This was a sales record for the month of December – which was 32.7% below the three-year activity and 25.3% above the 10-year activity for the month.
The prices of homes have gone up too. The year-to-date average price was $338,713, up by 7.5% from 2023. Just for the month of December, the average price of homes sold was $324,960, a gain of 17.3% from December 2023.
The year 2024 continued to be a seller’s market due to low house inventory. There were 365 active house listings at the end of December, which 7.4% higher compared to the inventory at the end of December 2023.
Houses have been selling fast, with months of inventory at 3.3 at the end of December 2023, down from the 3.5 months recorded at the end of December 2023.
If you have questions regarding your property or the market, please reach out to me. I’ll be happy to provide you with the latest real estate-related information, such as what buyers are looking for, how to increase your home’s value, or the current market value of your property.
September Sales Up 12.2%
In September, a total of 193 homes were sold in Fredericton and the surrounding region through the MLS® System, showing a 12.2% rise from the same month in 2023, as reported by the Canadian Real Estate Association.
The average home price in September reached $343,997, representing a 15.4% increase compared to September 2023.
For the first nine months of 2024, home sales in the Fredericton area totaled 1,848, reflecting a 3.3% uptick from the same period in 2023. The average sale price during this time was $342,324, up 6.6% year-over-year.
Home sales rise 2.2% in August
A recent report from the Real Estate Board of the Fredericton Area Inc. offers a detailed overview of the housing market’s performance in August 2024, highlighting key trends within the region.
In August 2024, a total of 230 homes were sold through the MLS® System, reflecting a 2.2% increase over the same period last year, signaling relatively stable market activity.
The report also noted a 2.5% decrease in new listings compared to the previous year, with 274 properties coming to market. The average home price, however, saw a modest increase of 3.5%, rising to $328,669 compared to August 2023.
Year-to-date data for the first eight months of 2024 indicates a 2.4% rise in total home sales, totaling 1,656 transactions. Total listings increased by 7.4%, reaching 2,349. Meanwhile, the average home price experienced a more substantial increase, climbing 5.8% year-over-year to $342,289.
Additionally, the total dollar volume for August 2024 reached an impressive $566,830,008, marking an 8.3% increase compared to the same month in 2023, setting a new record for August in terms of dollar value.
July sales up 2.3%
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.
April house sales up 24.4%
Here are the latest updates on the real estate market in the Fredericton area. House sales in April reached a total of 265, marking a significant 24.4 percent increase compared to April of last year. New listings also saw a substantial rise, with 346 recorded—an impressive 25.8 percent jump from the same month in 2023.
The average price of homes sold in April was $355,295, an 8.0 percent increase from April 2023. The median price followed suit, reaching $350,000, up 7.2 percent from the previous year. Notably, April continued to witness homes selling above the asking price, with an average sale-to-list price ratio of 101.8 percent.
From January to April 2024, a total of 636 homes changed hands, reflecting a 5.5 percent increase compared to the same period last year. The year-to-date average price stood at $337,425, a 7.1 percent rise from the same timeframe in 2023. New listings for the first four months of 2024 totaled 960, up 6.2 percent from the previous year.
As bidding wars continue to intensify, both buyers and sellers should stay informed about the upcoming Bank of Canada announcement on June 5, 2024, when the next overnight rate target and the economic outlook will be published. Stay tuned for further updates on this developing story.
