Single Detached
Months of inventory for single detached homes numbered 4.2 at the end of the fourth quarter of 2024, down from the 6.6 months recorded at the end of the fourth quarter of 2023.
Months of inventory for single detached homes in St. John’s numbered 2.9 at the end of the fourth quarter of 2024, down from the 5.3 months recorded at the end of the fourth quarter of 2023.
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 fourth quarter of 2024 than they had a year earlier.
The median number of days on market for sold single detached homes was 71 in the fourth quarter of 2024, down slightly from 75 days in the fourth quarter of 2023.
The median number of days on market for sold single detached homes in St. John’s was 49 in the fourth quarter of 2024, down from 58.5 days in the fourth quarter of 2023.
Multi-Family
Months of inventory for multi-family units numbered 3.5 at the end of the fourth quarter of 2024, down from the 4.3 months recorded at the end of the fourth quarter of 2023.
Months of inventory for multi-family units in St. John’s numbered 2.3 at the end of the fourth quarter of 2024, down from the 3.4 months recorded at the end of the fourth quarter of 2023.
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 2024 than they had a year earlier.
The median number of days on market for sold multi-family units was 54 in the fourth quarter of 2024, down from 60 days in the fourth quarter of 2023.
The median number of days on market for sold multi-family units in St. John’s was 46 in the fourth quarter of 2024, down from 55 days in the fourth quarter of 2023.
