Monthly Newsletter

March 2023, Monthly Newsletter, Newsletter 2023

Sales down 30.5 per cent in March as supply remains low

It was a quiet end for the first quarter of 2023, as home sales dropped 30.5 per cent in March compared to a year ago, according to the Real Estate Board of the Fredericton Area. On a year-to-date basis, home sales also fell 24.8 per cent compared to the same period in 2022. A total […]
February Newsletter, Monthly Newsletter, Newsletter 2023

January 2023 stats are here!

The real estate market has been wild in the last three years. But has the market shifted? We are just in the second month of 2023, and so far, statistics show at the end of January that the market balance was still in the sellers’ market territory. Home sales were down by 13.3% in January. […]
January 2023, Monthly Newsletter, Newsletter 2023

2022 in Review: Sales Down, Prices Up
December 2022, Monthly Newsletter

Home sales continue to decline in November

The housing market has cooled off in November with sales down by 36.8% compared to the same period last year. There was a total of 144 units sold in November compared to the 228 units sold in November 2021. There were only 184 new listings added in November 2022, down 6.6% compared to the 197 […]

March 2023 Sales down 30.5 per cent in March as supply remains low It was a quiet end for the first quarter of 2023, as home sales dropped 30.5 per cent in March compared to a year ago, according to the Real Estate Board of the Fredericton Area. On a year-to-date basis, home sales also fell 24.8 per cent compared to the same period in 2022. A total […]

February Newsletter January 2023 stats are here! The real estate market has been wild in the last three years. But has the market shifted? We are just in the second month of 2023, and so far, statistics show at the end of January that the market balance was still in the sellers’ market territory. Home sales were down by 13.3% in January. […]

January 2023 2022 in Review: Sales Down, Prices Up

December 2022 Home sales continue to decline in November The housing market has cooled off in November with sales down by 36.8% compared to the same period last year. There was a total of 144 units sold in November compared to the 228 units sold in November 2021. There were only 184 new listings added in November 2022, down 6.6% compared to the 197 […]

November Newsletter 2022 Home sales down 24% in October Home sales continue to wane in October. A total of 177 houses were sold – a 24% decline compared to the same month last year. Home sales were 16.3% below the five-year average and 2.9% below the 10-year average for the month of October. On a year-to-date basis, home sales also dipped. A total of […]

October Newsletter 2022 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 Newsletter 2022 August home sales down 9.8% Home sales numbered 240 units in August 2022, down 9.8% compared to 266 units in August 2021. There were 316 new listings added in August 2022, down 4% compared to the 329 listings added in the same month last year. The benchmark price was $297,000 in August 2022, up 21.1% from $245,300 in August 2021. […]

August Newsletter 2022 Average home price up but home sales down 26% from July last year The number of homes sold in Fredericton Area Inc. in July 2022 totaled 206 units, down by 26.4% from July 2021. On a year-to-date basis, home sales totaled 1,632 units over the first seven months of the year. This was a notable decrease of 18.5% from the same period in 2021. The benchmark price for […]

July Newsletter 2022 More houses listed in June but total sales dropped compared to last year Home sales in the Fredericton area dropped during the first six months of 2022 compared to the same period last year. The month of June also saw a 10.8 per cent decline. The Real Estate Board of the Fredericton Area said that on a year-to-date basis, home sales totaled 1,432 units over the first six months […]

June Newsletter 2022 Average prices up but first five months sales dipped compared to last year Home sales were strong in May at 8% above the five-year average and 9.3% above the 10-year average, but total sales for first five months of 2022 were lower by 18% compared to the same period last year. The total houses sold at 309 units in May was also lower by 13.9% compared to May 2021. […]

May Newsletter 2022 April home sales down compared to last year as inventory continues to slide down There were 293 homes sold in April 2022 – 19.5% above the five-year average and 33.4% above the 10-year average for the month of April. Although this was a sharp decrease of 22.1% from the monthly high for April last year, it was still the second highest total for the month ever. On a year-to-date […]

April Newsletter 2022 Fredericton home sales post second highest March totals on record Home sales were 20.5% above the five-year average and 40.3% above the 10-year average for the month of March. The average price of homes sold in March 2022 was a record $350,655, up by 24.8% from March 2021. The number of new listings fell by 17.2% from March 2021. There were 365 new residential listings […]

March Newsletter 2022 Homes sales above average in February as supply hovers slightly above the lowest level in history Homes sales above average in February as supply hovers slightly above the lowest level in history The number of homes sold through the MLS ® System of the Real Estate Board of the Fredericton Area Inc. totaled 152 units in February 2022. This was a decrease of 16.5% from February 2021. Home sales were 9.7% […]