It's 2013 and a year since my last post to this blog. Not that I haven't been blogging. I'm been posting on my #1 Moncton Real Estate Blog - blogMoncton.com - all last year.
So here is my prediction for the local real estate market for 2013. Lots of listings from which to choose, in fact above average all year. About the same number of buyers as in 2012. However 2013 will favour those buyers over sellers who are motivated to sell. 2013 will be a disappointing year for sellers who only list their properties to "test the market".
These sellers will hold out for top dollar, hoping to find a unsophisticated or unrepresented buyer.
So, buyers, here it is. Buyer's market for buyers who, find motivated sellers. And the best way to achieve that goal is for a buyer to be represented by an experienced buyer agent.
Larry
Showing posts with label Moncton housing market. Show all posts
Showing posts with label Moncton housing market. Show all posts
Tuesday, 8 January 2013
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.
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