{"id":741016,"date":"2026-06-16T18:24:11","date_gmt":"2026-06-16T18:24:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/741016\/"},"modified":"2026-06-16T18:24:11","modified_gmt":"2026-06-16T18:24:11","slug":"nl-home-prices-rise-despite-falling-sales","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/741016\/","title":{"rendered":"NL Home Prices Rise Despite Falling Sales"},"content":{"rendered":"<p>\t\t\t\t&#13;<\/p>\n<p>\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/house-for-sale-sold-real-estate-2.png\" class=\"header-image\" alt=\"NL Home Prices Rise Despite Falling Sales\"\/>\t\t\t\t<\/p>\n<p>The number of homes sold in Newfoundland and Labrador last month was down over last year according to the <a href=\"http:\/\/The%20number%20of%20homes%20sold%20in%20Newfoundland%20and%20Labrador%20last%20month%20was%20down%20over%20last%20year%20according%20to%20the%20latest%20figures%20released%20from%20the%20Canadian%20Real%20Estate%20Association.%20%20%20VOCM&#039;s%20Beth%20Fagan%20reports...%20%20%20%20%5BThere%20were%20410%20homes%20sold%20in%20the%20province%20last%20month%20-%20a%2020%20per%20cent%20drop%20compared%20to%20May%202025.%20%20The%20slow%20down%20in%20real%20estate%20activity%20has%20been%20the%20trend%20so%20far%20this%20year%20with%20the%20number%20of%20units%20sold%20in%20the%20first%20five%20months%20of%202026%20down%2013.2%20per%20cent%20year-over-year.%20In%20the%20metro%20area,%20the%20association%20recorded%20a%2026.3%20per%20cent%20drop%20in%20the%20number%20of%20sold%20signs%20going%20up.%20%20While%20sales%20were%20down,%20prices%20were%20up.%20The%20average%20price%20of%20a%20home%20sold%20in%20the%20province%20was%20%24374,876%20-%20an%20increase%20of%2011%20per%20cent%20compared%20to%20the%20same%20month%20last%20year.%20%20By%20the%20end%20of%20the%20month,%20the%20number%20of%20active%20listings%20on%20the%20market%20hit%20a%20low%20that%20hasn&#039;t%20been%20seen%20in%20more%20than%2020%20years%20with%20about%202,400%20total%20units%20on%20the%20market.%20%20The%20total%20number%20of%20active%20listings%20is%20about%2040%20per%20cent%20below%20the%2010-year-average.%5D%20%20https:\/\/stats.crea.ca\/board\/stjo\" rel=\"nofollow\">latest figures<\/a> released from the Canadian Real Estate Association.<\/p>\n<p>There were 410 homes sold in the province last month \u2013 a 20 per cent drop compared to May 2025.<\/p>\n<p>The\u00a0slow down in\u00a0real estate activity has been\u00a0the trend so far this year with the number of units sold in the first five months of 2026 down 13.2 per cent year-over-year. In the metro area, the association recorded a 26.3 per cent drop in the number of sold signs going up.<\/p>\n<p>While sales were down, prices were up. The average price of a home sold in the province was $374,876 \u2013 an increase of 11 per cent compared to the same month last year.<\/p>\n<p>By the end of the month, the number of active listings on the market hit a low that hasn\u2019t been seen in more than 20 years with about 2,400 total units on the market.<\/p>\n<p>The total number of active listings is about 40 per cent below the 10-year-average.<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; The number of homes sold in Newfoundland and Labrador last month was down over last year according&hellip;\n","protected":false},"author":2,"featured_media":741017,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-741016","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/741016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=741016"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/741016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/741017"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=741016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=741016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=741016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}