Listings Down - Sales Up > What to expect next in 2021

Real Estate Agent with Independent Real Estate Agent FCNB LICENCE # 190089546

Two charts below clearly illustrate the active listings versus sales situation in the greater Moncton residential real estate market.

chart Moncton sales YTD


chart Listings YTD Moncton area

As Spring approaches, we are in seriously uncharted territory.

Obviously Sellers have the advantage in the current marketplace. Will a surge in Sellers quell Buyer's thirst for listings? Will Buyers, who've been waiting on the sidelines, become disillusioned with market conditions?

This Spring, will builders be willing and able to supply new housing listings to the marketplace? Or will builders be too busy building for recent Sellers who have cashed in their old house for a new build.

Based on the first quarter, the rest of the year will certainly be an unusual one in our local real estate market.

Comments (2)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Larry. It will be an interesting year. Listings will move with the very good chance they will get multiple offers. Some buiders in hot areas have suspended further sales to catch up with current orders. Enjoy your day.

Mar 13, 2021 04:55 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Mar 14, 2021 04:18 AM