Friday 13 February 2015

So what do those numbers mean!


As we all know numbers can say just about anything and I won’t put any spin but here is our findings from the latest numbers released by the Saint John Real Estate Board.

Inventory is up and that’s good for buyers

Sales are up over last year and that’s good for sellers

Sales dollars are up and that’s really good for sellers but we may have to wait a month or two to see if that is a trend or just a fluke.

Activity was nicely spread out over the various price ranges.

Mortgage rates have gone down.

I think the simplest advice one can give is if you are buying now is the time! If the price trend continues you may pay more in the coming months. If you are selling make sure you are ready to be on the market, you are priced right and realize you have lots of competition.

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