January 2016: It’s a new year in Moncton’s real estate market. And the Home Price Index for single detached housing reveals a strong increase over January 2015.
#Moncton Home Price Index advances again in December
Moncton Home Price Index rose less in October.
In back to back months the Moncton Home Price Index rise (percentage wise) was the highest in Canada.
The number of sales reported in the 3rd quarter was higher than the past few years.
Stronger 3rd quarter sales contribute to better year-to-date numbers for the “metro” Moncton area:
You are running out of time if you plan to purchase a single family home in the metro Moncton area before 2015 is over.
June is now past. From the number of sales reported , it appears house buyers have responded to a metro Moncton real estate market that favours buyers over sellers.
If you plan to purchase a Moncton single family home in 2015, you have not yet missed the best time to make your lowest price on a Moncton home buy in 2015. In the past the Moncton area MLS® Home Price Index (HPI) typically rose with the Spring real estate market. This year that trend continued in Dieppe and Riverview. However so far this year the HPI has declined in Moncton. If you are planning a Moncton single family housing purchase, get some good advice well in advance of making an offer to purchase.
Buyers should selecting their own real estate Agent who will pledge full representation and undivided loyalty. Real estate buyers may regret choosing anything less than full representation.
If you are planning a housing purchase for this year in the Moncton area, you may have missed the best time to make your lowest price on Moncton home purchase in 2015. The Moncton MLS® Home Price Index (HPI) typically rises in the Spring market. See that little upward move on the far right in the graph below? That’s the beginning of the Spring real estate market. Six months from now the HPI could be at it’s peak for 2015.
Or perhaps not. And interest rates could be higher in six months. Or perhaps not. What’s a buyer to do? Buyer’s should start by selecting their own Agent who will pledge full representation and undivided loyalty. Choosing anything less might be regrettable.