January 2021 St. John's Real Estate Market Stats
For the St. John's Real Estate Metro area, total housing inventory at the end of January 2021 decreased 14.22% to 1,400 existing homes available for sale.
Over the last 12 months this area has had an average of 226 closed sales per month.
Average Sales Prices Going Up
Continuing the trend from 2020, the St. John's real estate market continues upward momentum on average price. The average price of a home in St. John's Metro increased by 5.54% in January 2021 to $302,892 versus the previous year (January) at $287,058.
Average Day on Market
The average number of days on market was practically the same. Was a one day increase to 79 compared to January 2020.
Sales Success for January 2021 is Positive
Overall, with Average Prices going up and Days on Market decreasing, the Listed versus Closed Ratio finished strong this month. There were 419 New Listings in January 2021, up 3.71% from last year at 404. Furthermore, there were 151 Closed Listings this month versus last year at 75, a whopping 101.33% increase.
Closed versus Listed trends yielded a 36% ratio, up from previous year’s, January 2020, at 18.6% a 94.13% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the months to come.
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