Greater Fredericton Area Market Stats
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🏘 240 total units were sold in August (188 Residential Single), vs 266 (213) for August 2021, a 9.8% (11.7%) decrease from this time last year.📈 Average Prices continue to rise year-over-year, with the average single family home selling at $299,199 ($290,000 median), a 11.5% (14.9% median) increase over August 2021. The benchmark price continues to fall this year from it's peak in February, 2022.📊 List to sell ratio has balanced, with an average unit selling at 100.3% of list price (99.5% single residential). This represents the first time in nearly 2 years that average homes are selling at list price.📉 Months of inventory are low, currently sitting at 2.5 versus 2.3 in August 2021. This continues to signify a sellers market. More listings were added than were sold (316 vs 240), contributing to an increase of inventory.📉 Median Days on Market sits at 21 vs. 22.5 for August 2021, meaning homes continue to sell quickly on average.
For a full breakdown, or to learn how these statistics can affect your next purchase or sale, please reach out to one of our talented and professional REALTORS® today!
What's new at EXIT?
In just 100 days, one of our clients are going to drive away with a brand new 2022 Lincoln Corsair! Anyone who has bought a property this year with any EXIT Realty Advantage REALTOR® has received one ballot, and anyone who has sold a property this year has received 2! There's still time to add your name to the draw, reach out to one of our REALTORS® today!
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We're looking for new REALTORS® to join our team! As a company built on human potential, we pride ourselves in successful service delivery, grounded with a dedication to Integrity, Diligence and a Go-for-it attitude. EXIT's formula fosters an atmosphere of collaboration, self-determination, and prosperity offering a pathway to unlimited income.
Learn More at https://exitadvantage.ca/careers or click the video to learn what makes us different.
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