Single Detached
Months of inventory for single detached homes numbered 5.7 at the end of the second quarter of 2025, down from the 7.6 months recorded at the end of the second quarter of 2024. This was the lowest level of months of inventory ever recorded in a second quarter.
Months of inventory for single detached homes in St. John’s numbered 3.5 at the end of the second quarter of 2025, down from the 4.1 months recorded at the end of the second quarter of 2024. This was the lowest level of months of inventory ever recorded in a second quarter for St. John’s.
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, single detached homes spent less time on the market in the second quarter of 2025 than they had a year earlier.
The median number of days on market for sold single detached homes was 65 in the second quarter of 2025, down slightly from 70 days in the second quarter of 2024.
The median number of days on market for sold single detached homes in St. John’s was 52 in the second quarter of 2025, down slightly from 56 days in the second quarter of 2024.
Multi-Family
Months of inventory for multi-family units numbered 4.2 at the end of the second quarter of 2025, down from the 6.3 months recorded at the end of the second quarter of 2024.
Months of inventory for multi-family units in St. John’s numbered 2.6 at the end of the second quarter of 2025, down from the 4 months recorded at the end of the second quarter of 2024. This was the lowest level of months of inventory ever recorded in a second quarter in St. John’s.
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 second quarter of 2025 than they had a year earlier.
The median number of days on market for sold multi-family units was 50 in the second quarter of 2025, down from 57 days in the second quarter of 2024.
The median number of days on market for sold multi-family units in St. John’s was 47 in the second quarter of 2025, down slightly from 51 days in the second quarter of 2024.
