Below is a graph for the Greater St. John’s Real Estate market for the past 3 years (Jan 2012 to Dec 2014). The number of new listings have increased over the past 3 years and the number of expired listings (properties that failed to sell) have jumped significantly. However, the number of listings that have sold in the Greater St. John’s Real Estate market have been fairly consistent.
You can see from the graph the typical seasonal cycle of the St. John’s real estate market. The listings start to ramp up in the spring and decline as we enter the month of December. December usually has the highest month for expired listings and conversely the lowest months for new listings which is clearly evident from the graph,
Here is a zoomed in monthly graph for the year 2014.
For additional information on statistics for your area please contact us and we will be more then happy to assist you.