The mild winter locally and low interests rates nationally made no difference in housing markey activity. First quarter residential unit sales reported on MLS® for the municipalities of Moncton, Dieppe and Riverview were the lowest in three years. Although posted today, April 1, this is no April Fools joke.
My chart below reveals the second lowest first quarter in the last six years. Unit sales were off for new and well as existing dwellings in metro Moncton. As the Spring building season begins, I expect builders are anxious to move their new house inventory carried over from last season.
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