Sales were up by 17% in December 2023 compared to the previous year.
A total of 210 real properties were sold during the month of December in the south-east region of N.B. This represents a 17% increase compared to the same period last year. So far this year, a total of 3,930 properties have been reported sold at the MLS Board, a 9% decrease in the number of sold properties; but more significantly is a 7% decrease in total property dollar volume for the same month.
The area continues to see a more than usual limited number of active properties for sale, there were 1,550 properties for sale at the end of December 2023. During the previous month, a total of 217 new listings were recorded at the MLS® Board, which represents no change compared to the same period the previous year. However, the total number of new listings for the year is down by only 8% compared to 2022. A total of 5,914 properties were listed for sale so far in 2023.
The list-to-sale ratio for the month of December was at 105%, unchanged compared to the previous year, the ratio is now at 74% year to date. We can now observe a local market that is still favorable to sellers.
Sales were down by 9% in March 2024 compared to the previous year. In March 2024, sales in the south-east region of New Brunswick experienced a noticeable decline, with a 9% decrease compared to the previous year. A total of 308 properties were sold
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Sales were down by 9% in March 2024 compared to the previous year. In March 2024, sales in the south-east region of New Brunswick experienced a noticeable decline, with a 9% decrease compared to the previous year. A total of 308 properties were sold
The Bank of Canada has announced its key overnight interest rate will remain at five per cent, keeping its benchmark the same for the fourth time in a row. Today's announcement was predicted by many economists. The central bank last raised&