My Metro Moncton Real Estate Market Analysis for February 2009

I prepared this analysis and included only MLS® residential sales in Moncton, Dieppe & Riverview.

• Unit sales of existing homes were down an average of 27% over the three month period compared to last year.

• The sale price to list price ratio declined somewhat.

• The average days on market is basically unchanged.

• Unit sales of new homes are holding up well, down just 5% over the three month period.
• Unit sales of new homes represent 29% of all residential sales in the last three months.
• The sale price to list price ratio declined somewhat.
• The average days on market is down slightly.

I caution that average price information can be useful in establishing trends over time, but does not indicate actual prices in municipalities comprised of widely divergent neighbourhoods.

I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton

Contact me at www.LarryEstabrooks.com