It’s true – we are experiencing a strong seller’s market for real estate in Fredericton. Properties are being sold faster for more money while the inventory of homes available is shrinking.
According to the Real Estate Board of Fredericton, residential sales totaled 132 units in February of 2020. This represents an increase of 12.8% over February 2019.
The average price of homes sold in February 2020 was $205,324, jumping 18.2% from February 2019 and the more comprehensive year-to-date average price was $192,082, up 11.3% from the first two months of 2019.
What does this mean for you?
If you’re a buyer, partner up with an experienced REALTOR® you trust. They can alert you when new homes come on the market – sometimes even before they hit the market! Reach out to us at firstname.lastname@example.org and we can even show you listings that aren’t on the public market!
If you’re thinking of selling your home, you have an opportunity to sell your home quickly and at full value. Email us at email@example.com so we can connect you with our extensive list of pre-qualified buyers!
We’re here to help you navigate the Fredericton real estate market. Reach out anytime if you have any questions xo