Now that Winter has melted away the Moncton housing market should be warming up. But that is not the case so far in 2009.
Both new and existing residential unit sales reported on the Greater Moncton Real Estate Board MLS® are down. If fact residential unit sales are at the lowest year-to-date level in the last 5 years.
Also single detached and multiple new housings starts reported by the Canada Mortgage and Housing Corporation for the Moncton Census Metropolitan Area indicate lower numbers in both categories.
For the latest numbers in a larger visual format just click on the graph.
 |
|
|
I'm a veteran New Brunswick real estate agent blogging about the real estate market, homes, relocation, agency, house construction and what's so great about Moncton, Dieppe, Riverview, Shediac, ...
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Larry - while our market is picking up the numbers are not as good as the last few years. We have seen a few multiple offer situations but generally a more stable market exists.
Thanks for your comment Kathy. Sometimes Iread the TREB Market Watch. I read the North District sales to listings ratio is trending in the right direction, upwards.
Larry -slowly but surely ... there is also good news coming from other areas across Canada ... stability in the market is what I am looking for ... there is always someone who gets hurt by rapidly rising or falling markets ... slow but steady increases are much healthier for all.