Selling Your Home in Moncton: October 2024 Market Report and Tips
With an increase in average sale prices and strong year-to-date performance, now may be an ideal time to sell your Moncton home. This October 2024 report offers insight into the latest market trends to help you make an informed decision.
Rising Sale Prices and High Demand
Despite a slight drop in sales, Moncton’s property values remain strong. The total dollar value for October 2024 sales increased by 6% year-over-year, reaching $115 million. This boost in average sale price reflects robust demand, which is favorable for sellers.
Increased Inventory Means More Competition
While demand is solid, the recent surge in listings (up 23%) introduces more competition. However, Moncton’s strong market foundations and buyer interest suggest favorable conditions for sellers who prepare and price their homes effectively.
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