Greater Moncton Real Estate Market Update – October 2024: Sales, Trends, and Opportunities
In October 2024, the Greater Moncton real estate market showed a mix of growth and balance. While property sales were down slightly by 3% compared to October 2023, several positive trends indicate strong buyer interest and investment in the region. Here’s a closer look at the latest Moncton real estate market trends, from sales volume to new listings and average prices.
Monthly Sales and Year-to-Date Performance
Despite a slight 3% drop in monthly sales, with 331 properties sold compared to 342 last year, year-to-date sales remain up by 6%. This increase reflects a resilient market with ongoing buyer demand, particularly as average sale prices continue to rise.
Greater Moncton Real Estate Sales Volume and Market Value
Total sales volume reached an impressive $115 million in October, a 6% increase over last year. This increase highlights that, despite fewer transactions, higher sale prices have maintained market value. With a year-to-date total sales volume of $1.16 billion, up by 14%, the Moncton real estate market remains strong.
New Listings Create Opportunity
New listings in October surged by 23% compared to last year, offering buyers more choices in Moncton, Dieppe, and Riverview. Year-to-date, there’s been a 15% increase in listings, adding balance and competition to the market.
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