Wednesday, 6 May 2009

Moncton Housing Market Update Spring 2009

The MLS® sales facts for the City of Moncton in the first four months reveal:

  • 2009 sales of existing housing is off to the slowest start in the last five years.

  • 2009 sales of new housing is also off, but not as much.

  • Mortgage interest rates are at historically low levels.

  • There is a good selection of housing for sale in the city of Moncton listed MLS® :
    156 - new construction
    173 - less than 20 years old
    239 - over 20 years old

So you may ask - Is it a good time for an individual to buy or sell? The answer is not simple and depends on a lot of factors. Feel free to contact me if you would like to discuss the local real estate market.