Spring has really sprung. Real estate listings are up a wooping 10%, year over year. This is up from 1% last month. A healthy inventory like this assures the market will stay lever without great expectations of fearing inflation. Which means that sales can bounce along with a healthy increase without creating a steep price escalation. This trend looks like it will continue into March and April at least. Wow, what a year we are having already.
Speaking of sales would you believe they are beating January's wooping increase of 39% over last year to a 42% year over year for February. Ironically, the expectation is that this looks like it will continue from now until at least June. Sales in the Fredericton/Oromocto area have been running at an all time high now for 10 years with no abating in sight! Wow, what a fantastic market.
Sellers get your home on the market now so you can feel really confortable in getting a decent price for your existing home so you can move up to a larger one or down to a smaller one. Or maybe you just always wanted to move out to the country or into the city. Either way now would be a great time to make the move. Good luck to you all. Also, remember, as I write this, interest rates are at an all time low of 3.64%. Wow!!!
"Wow!" Great blog. It's nice to know what's going on in real estate in our little corner of the country.
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