Newfoundland and Labrador

Market Conditions


Single Detached

Months of inventory for single detached homes numbered 12.8 at the end of the fourth quarter of 2019, down from the 14.9 months recorded at the end of the fourth quarter of 2018.

Months of inventory for single detached homes in St. John’s numbered 7.8 at the end of the fourth quarter of 2019, down from the 9.5 months recorded at the end of the fourth quarter of 2018.

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.

Despite a tighter market, single detached homes spent more time on the market in the fourth quarter of 2019 than they had a year earlier.

The median number of days on market for single detached homes was 102 in the fourth quarter of 2019, up slightly from 99 days in the fourth quarter of 2018.

The median number of days on market for single detached homes in St. John’s was 88 in the fourth quarter of 2019, down slightly from 92.5 days in the fourth quarter of 2018.


Multi-Family

Months of inventory for multi-family units numbered 13.5 at the end of the fourth quarter of 2019, down from the 18 months recorded at the end of the fourth quarter of 2018.

Months of inventory for multi-family units in St. John’s numbered 8.1 at the end of the fourth quarter of 2019, down from the 13.2 months recorded at the end of the fourth quarter of 2018.

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.

With a tighter market, multi-family units spent less time on the market in the fourth quarter of 2019 than they had a year earlier.

The median number of days on market for multi-family units was 92.5 in the fourth quarter of 2019, down slightly from 97 days in the fourth quarter of 2018.

The median number of days on market for multi-family units in St. John’s was 89.5 in the fourth quarter of 2019, up slightly from 86 days in the fourth quarter of 2018.