April 2021: Saint John Real Estate Board MLS® home sales rise above 300 for the first time in history.

April 7, 2021

The number of homes sold through the MLS® System of the Saint John Real Estate Board totaled 325 units in April 2021. This was more than double the levels from a year earlier, jumping 155.9% from April 2020. This was also a new sales record for the month of April and was the highest level for any month in history.

Home sales were 68% above the five-year average and 84.1% above the 10-year average for the month of April.

On a year-to-date basis, home sales totaled a record 947 units over the first four months of the year. This was a jump of 57.8% from the same period in 2020.

“Home sales rocketed up to a new monthly record and surpassed 300 for the first time in any month. The outsized year-over-year gain is obviously a partial reflection of the market hitting bottom this time last year, but we can’t discount the fact that home sales continue to reach astounding new highs,” said Corey Breau, President of the Saint John Real Estate Board. “New listings also bounced back but it wasn’t enough to match the strength in demand. Overall supply levels remain at historical lows and intense competition among buyers for a limited pool of available listings has pushed average price levels up past $250,000 for the second month in a row.”

The average price of homes sold in April 2021 was a record $268,644, a substantial gain of 58.6% from April 2020.

The more comprehensive year-to-date average price was $245,164, an advance of 34% from the first four months of 2020.

The dollar value of all home sales in April 2021 was $87.3 million, more than double the levels from a year earlier, surging 305.9% from the same month in 2020. This was a new record for the month of April and was also the largest dollar value of homes sold for any month in history.

The number of new listings more than doubled the levels from a year earlier, leaping 186.3% from April 2020. There were 418 new residential listings in April 2021. This was the largest number of new listings added in the month of April in five years.

New listings were 24.6% above the five-year average and 4.1% above the 10-year average for the month of April.

Active residential listings numbered 638 units on the market at the end of April, a big decline of 34.8% from the end of April 2020. Active listings haven’t been this low in the month of April in more than two decades.

Active listings were 49.6% below the five-year average and 59.9% below the 10-year average for the month of April.

Months of inventory numbered 2 at the end of April 2021, down from the 7.7 months recorded at the end of April 2020 and below the long-run average of 9.9 months for this time of year. 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.

The Saint John Real Estate Board is an association of approximately 240 REALTORS® that provides services to and sets standards for members. The Saint John Real Estate Board covers the southern part of New Brunswick to the U.S. border in St. Stephen, and includes the counties of St. John, Kings, Charlotte and portions of Queens County.

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