Realtors in Greater Moncton believe home prices in the region will continue to rise.
Despite a new sales record set in January, there were few new listings on the market.
During the first month of this year, 176 units were sold which is a small improvement year-over-year.
But Greater Moncton Realtors president Parise Cormier says they only had 264 new residential listings which is the lowest in 15 years.
With a continuing decline in supply, Cormier says prices will be creeping higher.
The average benchmark home price in the region is now almost $190,000 which is about six percent higher than a year ago.
