The Greater Moncton REALTORS® du Grand Moncton MLS® system keeps track of all the sales reported through the years as well as maintain a data base known as the Home Price Index to help analyse and understand the local real estate market.
A total of 393 real properties were sold during the month of June in the south-east region of N.B. This represents a 15% increase compared to the same period last year. So far this year, a total of 1,852 properties have been reported sold at the MLS Board, a 13% increase in the number of sold properties, but more significantly a 17% increase in total property dollar value.
The area continues to see a reduction of active properties for sale, there were 2,995 properties for sale at the end of June this year. A total of 633 new listings were recorded at the MLS® Board in June which represent no increase compared to last year. Year to date, the number of new active listings is down by 2% for the same period.
The list to sale ratio for the month of June was at 64% and 61% year to date, which constitute a balanced market for our region.