October 2021 St. John’s Real Estate Stats - Steve Winters RE/MAX
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T:  (709) 682-9045

October 2021 St. John's Real Estate Market Stats

For the St. John's Metro area, total housing inventory at the end of October 2021 decreased 27.23% to 1,157 existing homes available for sale. Over the last 12 months this area has had an average of 308 closed sales per month.

Average Sales Prices Increase

Average sales prices continue to climb in the St. John's market area for yet another month. When comparing prices to last October we saw an increase of 7.35% in October 2021 to $336,130 versus the previous year at $313,101

Average Day on Market Continues to Shorten

The average number of days that homes spent on the market before selling decreased to 58 in October 2021 compared to last year’s 74 days on market for same month.

Sales Success for October 2021 is Positive

Once again, for 2021 Average Prices have been going up and Days on Market decreasing, and the Listed versus Closed Ratio finished strong again this month.

There were 418 New Listings in October 2021, down 21.72% from last October at 534. Furthermore, there were 336 Closed Listings this month versus last year at 326. An increase of 3% year over year.

Closed versus Listed trends yielded a 80% ratio, up from previous year’s, October 2020, at 61% , a 32% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the months to come.

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Steve Winters Realtor

Stephen Winters

T: (709) 682-9045

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RE/MAX Realty Specialists Ltd.

40 Aberdeen Avenue

St. John's, NL A1A 5N6

November 16, 2021