Residential sales activity in Newfoundland and Labrador rose in the first quarter of 2025 compared to the first quarter of 2024.
Residential property sales numbered 1,019 units in the first quarter of 2025, accelerating 19.3% compared to the same quarter in 2024.
Single detached home sales rose by 19.1%, while sales of multi-family units were up 11.4% in the first quarter of 2025.
| Summary – Sales by Housing Type | |||
|---|---|---|---|
| Category | Q1-2025 | Q1-2024 | Year-over-year % change |
| Single Detached | 649 | 545 | 19.1 |
| Multi-family | 186 | 167 | 11.4 |
| Summary – Median Price by Housing Type | |||
|---|---|---|---|
| Category | Q1-2025 | Q1-2024 | Year-over-year % change |
| Single Detached | $305,000 | $285,000 | 7.0 |
| Multi-family | $405,000 | $346,500 | 16.9 |
