My Metro Moncton Real Estate Market Analysis for March 2009. I prepared this analysis and included only MLS® residential sales in Moncton, Dieppe & Riverview.

• The average sale price was up sharply in March, an indication of stronger sales of higher priced homes.

• The sale price to list price ratio is unchanged.

• The average "days on market" is almost unchanged.

• Unit sales of existing homes were down an average of 22% over the three month period compared to last year.

EXISTING RESIDENTIAL

• Unit sales of new homes are softening, now down 20% over the three month period.
• Unit sales of new homes represent one in four of all residential sales in the last three months.
• The sale price to list price ratio is unchanged.
• The average days on market for new homes is up slightly.

NEW RESIDENTIAL

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