Newfoundland and Labrador Association of REALTORS®

The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 405 units in April 2025. This was up by 7.4% from April 2024.

Home sales were 1.4% below the five-year average and 19.4% above the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 1,424 units over the first four months of the year, increasing 15.7% from the same period in 2024.

Residential activity in St. John’s posted a gain of 9.5% on a year-over-year basis in April, while activity in the rest of the province was up by 6.4%.

Single detached home sales in St. John’s posted a decrease of 22.8% from levels recorded in April 2024.

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 benchmark price was $310,900 in April 2025, a gain of 8.1% compared to April 2024.

The benchmark price for single-family homes was $313,200, up by 8.1% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $296,500, essentially unchanged, up just 0.7% compared to a year earlier, while the benchmark apartment price was $251,700, a moderate gain of 7.9% from year-ago levels.

The overall MLS® HPI composite benchmark price for homes in St. John’s was $369,500 in April 2025, a gain of 9.2% compared to April 2024.

The benchmark price for single-family homes in St. John’s was $385,300, up by 9.6% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $289,400, a minor increase of 1.1% compared to a year earlier, while the benchmark apartment price was $251,300, a moderate gain of 8.1% from year-ago levels.

The average price of homes sold in April 2025 was $326,741, advancing 7.2% from April 2024.

The more comprehensive year-to-date average price was $330,887, increasing by 9.1% from the first four months of 2024.

The dollar value of all home sales in April 2025 was $132.3 million, a gain of 15.2% from the same month in 2024.

The number of new listings fell by 4.2% from April 2024. There were 894 new residential listings in April 2025.

New listings were 3.4% below the five-year average and 1.4% below the 10-year average for the month of April.

Active residential listings numbered 2,364 units on the market at the end of April, a notable decrease of 21.9% from the end of April 2024. Active listings haven’t been this low in the month of April in two decades.

Active listings were 23.7% below the five-year average and 37.3% below the 10-year average for the month of April.

Months of inventory numbered 5.8 at the end of April 2025, down from the 8 months recorded at the end of April 2024 and below the long-run average of 12.3 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.