My Metro Moncton Market Report for January 2010 Includes Moncton, Dieppe & Riverview and separates sales of existing residential and new construction.

In addition I'm including the three month period to reduce fluctuations caused inconsistent reporting of sales when they occur.

Unit sales of existing homes are up from last year but not quite back to pre-recession levels.
The average days on market for a sold listing rose slightly.
The sale to list price ratio is up slightly.
And the average sale price is almost unchanged.

Existing only
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2010	170411	160205	94%	101 days	61
DEC-2009	169094	162580	96%	92 days	77
NOV-2009	174790	168163	96%	91 days	76
3 months	171492	163886	96 %	94 days	214

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2009	166618	158138	95%	100 days	45
DEC-2008	179362	168764	94%	103 days	53
NOV-2008	173292	165581	96%	78 days	62
3 months	173426	164542	95 %	93 days	160

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2008	166336	159833	96%	92 days	70
DEC-2007	158585	151879	96%	107 days	62
NOV-2007	161626	155626	96%	73 days	97
3 months	162243	155897	96 %	88 days	229

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Unit sales of new homes are up substantially over the three month period.
The average days on market is higher than the last two years.
The average sale price is lower, reflecting a significant increase in sales of semi-detached housing.

Note: Roughly one third of residential unit sales in the last three months were new construction.

New only
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2010	160947	160378	100%	138 days	38
DEC-2009	170000	168596	99%	161 days	21
NOV-2009	152526	153167	100%	96 days	43
3 months	159261	159030	100 %	125 days	102

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2009	157176	157229	100%	133 days	17
DEC-2008	183064	181783	99%	93 days	28
NOV-2008	173557	174221	100%	80 days	14
3 months	173349	172914	100 %	102 days	59

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2008	180883	182093	101%	102 days	23
DEC-2007	172743	172048	100%	145 days	23
NOV-2007	155445	154293	99%	105 days	22
3 months	169900	169702	100 %	118 days	68

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It's a great time to purchase residential housing. Why not call me to discuss your buying strategy? I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton. I caution that average price information can be useful in establishing trends over time, but does not indicate actual prices in cities and towns comprised of widely divergent neighbourhoods and age of properties.

Find me on the web at www.LarryEstabrooks.com