2012 shaping up to be a fine year to buy in Moncton, ReMax says
A balanced housing market in Metro Moncton coupled with strong consumer confidence means gains in house sales for 2012 along with only modest price increases, real estate firm ReMax says.
The ReMax Housing Market 2012 forecast says a growing inventory of homes will tip the scales in buyers' favour in the coming year, with prices rising about three per cent to an average of $177,000. Sales will also rise by three per cent, ReMax says, to about 2,800 next year in Metro Moncton, with much of that growth driven by pre-owned homes.
"With housing starts expected to slow in the year ahead, the outlook for the resale market remains positive," the study says, adding that expected improvements in the global economy help local markets.
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