Northern Region, New Brunswick Real Estate Association

Northern and Valley Regions MLS® home sales cap off an exceptional year with new annual record

The number of homes sold through the MLS® System of the Northern and Valley Regions of the New Brunswick Real Estate Association totaled 103 units in December 2021. This was a moderate gain of 8.4% (eight sales) from December 2020 and was a new sales record for the month of December. Total sales for the year also smashed the previous annual high mark set in 2020 by nearly 40%.

Home sales were 33.1% above the five-year average and 62.5% above the 10-year average for the month of December.

On an annual basis, home sales totaled a record 2,166 units over the course of 2021. This was a significant gain of 39.7% from the same period in 2020.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite/single-family benchmark price was $170,200 in December 2021, up sharply by 37.1% compared to December 2020.

The average price of homes sold in December 2021 was $181,639, an advance of 44.4% from December 2020.

The more comprehensive annual average price was $164,448, up by 27.8% from all of 2020.

The dollar value of all home sales in December 2021 was $18.7 million, a substantial increase of 56.6% from the same month in 2020. This was also a new record for the month of December.

The number of new listings saw a sizable gain of 17.4% from December 2020. There were 108 new residential listings in December 2021. This was the largest number of new listings added in the month of December in more than a decade.

New listings were 24.1% above the five-year average and 20% above the 10-year average for the month of December.

Active residential listings numbered 604 units on the market at the end of December, declining 30.7% from the end of December 2020. Active listings haven't been this low in the month of December in more than 15 years.

Active listings were 37.7% below the five-year average and 40.1% below the 10-year average for the month of December.

Months of inventory numbered 5.9 at the end of December 2021, down from the 9.2 months recorded at the end of December 2020 and below the long-run average of 18 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

BOARD & ASSOCIATION INFORMATION

The Northern and Valley Regions, New Brunswick Real Estate Association represent a group of over 100 dedicated real estate professionals who live and work in and around the communities of Edmundston, Miramichi, Bathurst, Campbellton, and the Acadian Peninsula, New Brunswick

Administration and management of member services and programs for the Northern Region, New Brunswick Real Estate Association are provided in partnership by the Saint John Real Estate Board and the New Brunswick Real Estate Association.


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For more information,
please contact:
Angela Boudreau
at the Saint John Real Estate Board
506-634-8772
sjreb@nb.aibn.com

President
Melanie Daley