Moncton Still a Sellers Market in 2024

The Moncton real estate market is forecast to have another stellar performance, according to a new RE/MAX report looking at the Canadian housing industry in the year ahead.In 2024, the average sales price in Moncton is projected to rise five percent to $350,171, with sales anticipated to climb three percent. After years of being a buyer’s market, the Atlantic Canada city will transition to a seller’s one in the coming months.Many first-time homebuyers see the writing on the wall. In addition to elevated interest rates, they are also realising that Moncton could be one of the premier real estate markets in both the Maritimes and broader national arena, says Roger LeBlanc, the owner of RE/MAX Avante, in the RE/MAX 2024 Housing Market Outlook.“In response to higher interest rates and a general fear of ‘missing out on the market,’ we’re seeing first-time buyers shift their home-buying expectations by moving down-market,” he said in the report. “First-time homebuyers who once expected to bu...