As spring 2025 unfolds, the Greater Moncton area continues to experience significant shifts in its housing market. Understanding these changes is crucial for prospective homebuyers, sellers, and investors aiming to make informed decisions in this vibrant region.
The Current Market (February 2025)
A notable trend in this current market is the increase in active listings. More sellers are entering the market, creating more options for buyers. This increase suggests a shift toward a more balanced market, as inventory levels continue to recover from historically low levels seen in previous years. The current month of inventory climber to 4.6 months compared to 3.3 months last year.
Prices remain stable with an average home price of $364,295, marking a 0.2% increase from February 2024. Meanwhile, the median price sits at $350,000, reflecting a 1.4% decline from last year but still much higher than pre-pandemic levels.
The sale-to-list price ratio is 97.3%, indicating that homes are selling close to their asking price when priced accordingly.
What's To Expect In The Following Months
The Canadian Real Estate Association (CREA) recently upgraded its 2025 housing market prediction, eyeballing a higher 8.6% (from 6.6%) increase in national home sales and an increase of 4.7% (from 4.4%) in national average home prices this year.
Will that be the case?
According to Shaun Cathcart, CREA’s Senior Economist, the threat of tariffs on Canada from U.S. President Donald Trump is weighing heavily on prospective buyers.
Mr. Cathcart told the press that, if the Bank of Canada delivers a couple more cuts in the months to come and signals the policy rate may have found its settling point, that could set up a wave of activity in the already traditionally busy spring market.
We anticipate the spring market to be as busy as always, but we cannot ignore the fact that we live in uncertainty about the current economy. Making informed decisions when purchasing, selling or investing in Real Estate is more important than ever.
With the new interest rates and mortgage rules, a lot of new buyers will seize the opportunity to purchase a home while others will hold on until the political issues we currently face have settled.
If you are planning to buy or sell in 2025, our best recommendation is to reach out to your local REALTOR® and see what your options are.
