Wednesday, October 28, 2009

NB Real Estate Market Update

The synopsis for September is the same as my May report
"The number of sales recorded continues to be lower than the same period last year. "

The report from each real estate board puts their own spin on the September numbers:

The New Brunswick Real Estate Association headlines with "Average prices climbs to new September record" All these reports offer the observation that "Consumer confidence continues to improve". But the fact is sales activity has not yet recovered in the Province.

The strongest unit sales year-to-date have been reported in the Moncton area while the Fredericton area trails the three major Provincial centers.