The beginning of summer could not slow the tear of the red hot housing market in Greater Moncton.
June proved to be another month of new records, according to statistics from Greater Moncton Realtors. The region saw 433 units purchased for a total value of $122.1 million.
“Market activity in Greater Moncton remained robust this past month. MLS homesales posted the highest total in history for the month of June,” said Ryan Davison, President of the Greater Moncton Realtors in a news release.
A long-standing issue for the market has been replenishing the inventory as houses fly off the market. The 895 active residential listings is a 15 year low for a market with enough inventory to last just over two months based on sales levels.
However, the 562 new properties on the market have provided helped lessen the concerns.
“New listings maintained the recent steady growth seen over the last 4 months. The infusion of newly listed resale properties continued to further shore up overall inventory to levels not seen since last fall.”
Despite a slight rejuvenation for active properties, it remains certain who is benefitting from the state of housing in Greater Moncton.
“Market conditions have eased slightly in the last couple of months, but our region is still firmly in a sellers’ market,” said Davison.
