Moncton Housing Market Update 2020

Slim pickings is the best description of the metro Moncton residential real estate so far this year. Sales are steady however choice is limited.

“Metro” Moncton includes the adjacent municipalities of Moncton, Dieppe, and Riverview

Active residential listings include both detached and semi-detached dwellings. As we enter the historically active Spring real estate market, listings are at a 10 year low.

Moncton Sales Year-to-date

Single family detached homes make up the majority of residential sales in the “metro Moncton” area. (with the boundaries of the City of Moncton, the City of Dieppe and the Town of Riverview).

Single family detached dwelling sales set new monthly records in the Spring/Summer of 2019. This occurred in spite of a historically low inventory of single family detached listings. And prices remain remarkably reasonable.

With interest rates for residential mortgages holding steady, the affordability¬†of housing in the metro area is outstanding. Now is a good time for renters to consider moving into home ownership. It can’t hurt to shop the market this fall before winter sets in.

metro Moncton detached single family dwellings – pending and sold