If you’ve been keeping an eye on the Greater Moncton real estate market and wonder, “Is it still a good time to sell my house?”, you’re not alone. We’ve noticed a considerable shift in the market this summer. Many homeowners (and buyers) are pausing their selling process to evaluate the best move. The short answer to your question is….Yes, but only with a great strategy.
Is This A Seller's Market?
The beginning of Summer is usually an active time for real estate—mainly due to the school year end—and this year seems to be no different.
Yes, buyers are still on the lookout for homes. No, homes do not sell like they used to in 2021. What is different then? The difference is that today’s buyers have options. A lot of options! According to CREA’s report, Active listings in the Greater Moncton area surged to 3,647 units, a 6.7 % increase, marking the highest June inventory seen in five years.
More homes on the market mean more competition for sellers. Buyers are taking their time, shopping around, and comparing value more than ever before. Properties that are well-priced and presented beautifully are moving as always, but overpriced homes, however, are sitting longer and facing price reductions. *insert violin little sad song*
Should I Sell My House Then?
With The Right Strategy, Yes
If you’re thinking, “Should I sell my house now, or wait until the fall?” consider this: Even with a high inventory, buyers continue to take action, especially those relocating or upsizing within the region. This being said, you don’t need to wait; you just need a good selling strategy. Pss! This is where working with a local agent who knows how to navigate the Greater Moncton market makes a big difference.
Pricing is king right now. With so many listings for buyers to choose from, homes that hit the market with an aggressive or outdated price point tend to be overlooked.
We said it before, and we will always say it: Launching at the right price is vital to capture attention in the first week on the market. After that.. It’s time to adjust your strategy.
More Competition = Opportunity
It’s easy to feel hesitant when the buzz around bidding wars and record-breaking sales is a thing of the past, but this shift in the Greater Moncton real estate market isn’t all bad news. So, how to take advantage of the competition, you ask? Hear me out.
Let’s say there are two current listings in your neighbourhood. Whether they are sold or not means that there are buyers out there who looked at these properties and either did not like them enough to offer on them, but liked the area, or missed the opportunity to buy them.
This is your chance to offer those same buyers, already keeping an eye on your neighbourhood and ready to buy, the perfect home: Yours.
Tips For A Successful Home Sale
Get Ready To List Your Property
Presentation also plays a massive role in selling your home. Staging, professional photography, and highlighting local lifestyle perks are all tools that help your listing shine.
With high inventory, buyers aren’t feeling rushed—and that means they’re spending more time reading your listing description, studying your floor plan, and booking in-person showings instead of skipping straight to the offer. This gives well-prepared sellers the chance to stand out in a meaningful way.
Hopefully, this will help you make a more informed decision on whether or not this is a good time for you to sell your house. And let’s not forget: while buyers are being more selective, they’re still motivated.
Ready to craft a plan tailored to your property and get ready to sell in 2025? We would be delighted to help you navigate this competitive market. Reach out today!
