Greater Moncton Realtors says it remains a seller’s market in the region.
President Mike Power says active home listings have been at record low levels.
But Power says March saw the largest influx of newly listed properties since last summer.
However if low inventory in the market continues, Power says to expect average home prices to increase by nearly 30 percent year-over-year.
Home sales were down considerably last month compared to March 2021 but were still much higher than the five and ten-year averages.
The composite benchmark price for a home last month in Greater Moncton was $335,100 which is a 37.2 percent jump from last March.
In the first three months of this year, 797 units were sold which was down sharply from the same period in 2021.