June 2021 St. John's Real Estate Market Stats
For the St. John's Metro area, total housing inventory at the end of June 2021 decreased 10.4% to 1,407 existing homes available for sale. Over the last 12 months this area has had an average of 287 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 June we saw an increase of 21% in June 2021 to $332,005 versus the previous year at $274,536
Average Day on Market Continues to Shorten
The average number of days that homes spent on the market before selling decreased to 64 in June 2021 compared to last year’s 88 days on market for same month.
Sales Success for June 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 646 New Listings in June 2021, down 7.32% from last June at 697. Furthermore, there were 398 Closed Listings this month versus last year at 193. Approximately a 106% difference year over year.
Closed versus Listed trends yielded a 62% ratio, up from previous year’s, June 2020, at 27.7% , a 122% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the months to come.
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