Residential sales in 2021 are expected to lower than 2020 transactions, but on par with 2019 numbers. St. John’s Metro area currently has about nine months of inventory, down from 11 months in 2019. While the number of homes for sale has decreased in 2020 compared to past years, the downward trend for residential sales in 2021 is not expected to continue. Current supply levels are expected to continue or increase slightly in 2021. The number of days it took to sell a home decreased in 2020, however days on market are likely to maintain current levels or increase slightly in 2021. Read more…
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September was yet another record-breaking month for home sales across Canada. Throughout the summer, we witnessed record high sales numbers because of the delayed start to the usual hot spring selling season and as we get deeper into fall, those numbers aren’t slowing down yet:
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Check out the Latest Stats for the Market in the St. John’s CMA and CBS areas!
⛳2018 RE/MAX Recreational Property Report⛳
🔹 Demand for recreational properties in Atlantic Canada being driven by retirees
🔹 Young Couples and families opting for the saltwater lifestyle over the city life
🔹 Across the board, the region is experiencing a balanced market