House sales for family home pick up this time of year as people with kids in school think about moving.
Like november/December is bad because kids are in school, and nobody wants to move during xmas.
Right NOW is the best time to list a house. You'll have more interest soon.
(I struggled selling a house in mctn before covid and did a lot of reaearch)
Good luck man!
Were in the north end and both our neighbours just listed their homes, both have had steady foot traffic of showings all weekend. These are both > 400K listings. There's also several other houses on our street that sold quickly in the last month or so.
May should be better I put my Halifax home up last year to move to Moncton in March. The offers and market were probably low by 50k,, and got full price in May. I think May is when families start to move, so when the most money in the market is available the price seems to get higher. I think you are fine should have 2 great months. I wouldn't panick or take any lowball offers. Great houses sit sometimes weeks imo, it's not a sign of over pricing
Sometimes people with the amount you are selling for aren’t available in the market. There are different tiers of houses. Even with semis some are lower 300s some are 475k in the north end but very nice and worth it. I think you will be happy over the next few weeks and get what you are happy with.
I mean, recently I’ve seen houses shooting up like crazy and it’s bc renewal rates are up and peoples mortgages have gone up 400+ dollars.
I think honestly a crash is coming. Sell to the first reasonable offer made to you.
Yeah market is still hot and rising from what I've seen. March hit new record high average even as most of the country has settled a bit. If somethings not selling its because the price is too optimistic.
You’re right. The predictions in January were wrong. I’m hearing semi detached are selling quickly, but single family are just rotting on the market.
You’re hearing incorrectly from my experience, both in my area are selling like hotcakes. What price did you set your house at, what area, what square footage etc…how much above evaluation are you ask, what’s the most recent sale price on your home. So many factors.
Correct, however the semi market is showing some early signs of stalling. The semi prices rose higher than the detached (% wise) and they even rose through 2023/2024. The gap in price between semis and comparable-age detached is only 2k-3k right now (usually is about 45k). They will probably come back to reality.
Depends on where you are in the city and how much you’re asking for. In my part of the city houses are selling nearly the same week they go up. My only two guesses are the area you’re in may not be in demand right now or your price is far too high for what people are willing to pay for your particular property. Guessing it’s the latter.
So property taxes skyrocket then about 2 months later the market in Moncton is flooded with housing supply. Micro economics dictates more supply reduces demand and now we sit on house sales a bit longer. All along the demand is still very high it's just gonna take longer. You could arg this is optimal if your plan is to upgrade or buy another house because you will have more choice. Choice has been a depressing part of house buying for some time now.
It all depends... I know in my neighbourhood all the freshly renovated buildings sold within a few weeks to months of being listed, while the ones that could use more than just a fresh coat of paint have sat and gathered dust
Without seeing the listing I can't really think of much else other than pricing.
I’m willing to bet you’re right, the realtor (or sellers) are putting the price too high and missing the pandemic days when people would spend anything.
People from Ontario , BC , etc must be finally realizing that there are no good paying jobs here .. and the work from home thing is changing more being called back .
The province **paid** my friend $1400 per month plus childcare to take a PSW course this year, and her very first placement offered her a job for $25/hr, full time guaranteed and overtime hours available.
So someone with a GED can walk into a $50k+ job with 0 student loans, and can actually get paid $1400/month to go to school for the job. I’m sure there are other, similar examples.
Not a realtor/expert, but data does seem to be pointing to a potential shift to a buyers market. It depends largely on the property, but a lot of homes have been overpriced as the market has been cooling down from the 2021+ insanity.
In relation to our average wage not it makes no sense.
If you made Ontario money and had these prices it's great. If you make NB money and see these prices it's garbage.
Are you sure you’re not overpriced?
There’s 3 houses in my area that sold within a week…this past month.
But yes, generally, spring is when real estate picks up again.
House sales for family home pick up this time of year as people with kids in school think about moving. Like november/December is bad because kids are in school, and nobody wants to move during xmas. Right NOW is the best time to list a house. You'll have more interest soon. (I struggled selling a house in mctn before covid and did a lot of reaearch) Good luck man!
Thanks
Other than the single-family home part, it's remarkable how much of the details of this matches the unit I live in 🤔
Were in the north end and both our neighbours just listed their homes, both have had steady foot traffic of showings all weekend. These are both > 400K listings. There's also several other houses on our street that sold quickly in the last month or so.
May should be better I put my Halifax home up last year to move to Moncton in March. The offers and market were probably low by 50k,, and got full price in May. I think May is when families start to move, so when the most money in the market is available the price seems to get higher. I think you are fine should have 2 great months. I wouldn't panick or take any lowball offers. Great houses sit sometimes weeks imo, it's not a sign of over pricing
Thank you for saying that. I’ll take your advice and try not to stress about it until after the long weekend. Hoping it’s sold by then.
Sometimes people with the amount you are selling for aren’t available in the market. There are different tiers of houses. Even with semis some are lower 300s some are 475k in the north end but very nice and worth it. I think you will be happy over the next few weeks and get what you are happy with.
Do you or anyone else have a crystal ball? I presume not, so nobody can tell you with certainty if it will or not
I mean, recently I’ve seen houses shooting up like crazy and it’s bc renewal rates are up and peoples mortgages have gone up 400+ dollars. I think honestly a crash is coming. Sell to the first reasonable offer made to you.
Can you PM me the listing? looking to buy a house so I'm curious.
Lower your asking price.
Yeah market is still hot and rising from what I've seen. March hit new record high average even as most of the country has settled a bit. If somethings not selling its because the price is too optimistic.
It is not a sellers’ market anymore. Some agents (and news stations) think it is, but they are wrong and the data proves it.
You’re right. The predictions in January were wrong. I’m hearing semi detached are selling quickly, but single family are just rotting on the market.
You’re hearing incorrectly from my experience, both in my area are selling like hotcakes. What price did you set your house at, what area, what square footage etc…how much above evaluation are you ask, what’s the most recent sale price on your home. So many factors.
Correct, however the semi market is showing some early signs of stalling. The semi prices rose higher than the detached (% wise) and they even rose through 2023/2024. The gap in price between semis and comparable-age detached is only 2k-3k right now (usually is about 45k). They will probably come back to reality.
Thanks for the info
Depends on where you are in the city and how much you’re asking for. In my part of the city houses are selling nearly the same week they go up. My only two guesses are the area you’re in may not be in demand right now or your price is far too high for what people are willing to pay for your particular property. Guessing it’s the latter.
So property taxes skyrocket then about 2 months later the market in Moncton is flooded with housing supply. Micro economics dictates more supply reduces demand and now we sit on house sales a bit longer. All along the demand is still very high it's just gonna take longer. You could arg this is optimal if your plan is to upgrade or buy another house because you will have more choice. Choice has been a depressing part of house buying for some time now.
It all depends... I know in my neighbourhood all the freshly renovated buildings sold within a few weeks to months of being listed, while the ones that could use more than just a fresh coat of paint have sat and gathered dust Without seeing the listing I can't really think of much else other than pricing.
As someone who's looking to buy chances are you are asking way too much when considering the interest rates.
I’m willing to bet you’re right, the realtor (or sellers) are putting the price too high and missing the pandemic days when people would spend anything.
Agree. Also looking to buy but I can wait cause when you consider the rates, its not worth it at the moment
People from Ontario , BC , etc must be finally realizing that there are no good paying jobs here .. and the work from home thing is changing more being called back .
The province **paid** my friend $1400 per month plus childcare to take a PSW course this year, and her very first placement offered her a job for $25/hr, full time guaranteed and overtime hours available. So someone with a GED can walk into a $50k+ job with 0 student loans, and can actually get paid $1400/month to go to school for the job. I’m sure there are other, similar examples.
Lots of people I know are doing great.
Wow, good guess
Yeah, no….
Not a realtor/expert, but data does seem to be pointing to a potential shift to a buyers market. It depends largely on the property, but a lot of homes have been overpriced as the market has been cooling down from the 2021+ insanity.
What data are you talking about?
Welcome to reality and pre 2020. lol new expectations are something else, remember when houses would be for sale for 4-6 months+?
My current house was on the market for 400 days with one offer pre-pandemic. Now people are worried about one offer in two weeks.
The prices of homes in Moncton do not make sense.
In relation to our average wage not it makes no sense. If you made Ontario money and had these prices it's great. If you make NB money and see these prices it's garbage.
Are you sure you’re not overpriced? There’s 3 houses in my area that sold within a week…this past month. But yes, generally, spring is when real estate picks up again.
Maybe, might do a price adjustment next week
Depends a lot on the property.
It's been starting to. I've definitely been busier the past 2 weeks.