Moncton house prices stable since last year: Royal LePage

The results of the survey show the average price of a standard two-storey home in Moncton was $131,000 in the first quarter of this year, which is the same as it was in the first quarter last year. Detached bungalow prices dropped 1.5% over the same period to reach an average of $150,000 this past quarter.

“Typically Moncton has a fairly balanced market,” said Carla Bouchard, broker and owner of Royal LePage Metro. “Inventory is a little lower than last year, but generally most sellers wait until spring to list their homes.”

She said resale activity has started to make small gains, up around 1% to 2% from last year, although that may relate to the pent-up demand built up over the exceptionally cold winter when many sales were put on hold.

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