Moncton Real Estate News
February 2015 Home Price Index slips
Fewer reported sales in the greater Moncton area may have influenced the February HPI. And perhaps one might fault the record February snowfall. Consider however the national MLS® HPI for January showed the HPI for greater Moncton also declined last month. In comparison to February 2014 the Home Price Index declined the most in Riverview and Dieppe. The rural areas immediately surrounding Moncton, Dieppe and Riverview posted an increase in the HPI.
Given the high level of active residential listings, current market conditions favour buyers over sellers in the greater Moncton area. First time buyers are the most advantaged. Sellers moving away to areas in Canada with a growing HPI are at a disadvantage. Conversely buyers moving here from those growing HPI areas will find local conditions very attractive. Those who are selling then buying in similar real estate markets are neither at an advantage or a disadvantage.
You will find the MLS® Home Price Index for Canada at HomePriceIndex.ca
Please check back in early April for my March report.