The July numbers are in from the New Brunswick Real Estate Board, and the Greater Moncton benchmark price that slipped in June has held steady this time.Last month we flagged the detached benchmark easing back to just over $394,000 and said the next month would tell us whether that was a one-month dip or the start of something softer. July answered it. One-month dip.Here's the short version. Sales eased off, the average price came down, and the benchmark held. Same gap we talked about last month, pointing the other way this time.
Sales eased off in July
316 homes sold across Greater Moncton in July. That's a little behind June's 323, and down 5.1% from last July.Nothing alarming in that. Two months in the low 300s is about what a steady summer looks like around here.
The average came down while the benchmark didn't
The average sale price landed just under $384,000, down 3.1% from June and basically flat against a year ago.The MLS Home Price Index benchmark went the other way. It sat at $384,300 in July, almost exactly where June left it, and up 6.1% from a year ago.The average moves with whatever happened to sell. July had more lower-priced homes change hands than usual, and that pulled it down. The benchmark follows the same typical home month after month, so the mix doesn't touch it.So when the average is flat on the year and the benchmark is up 6.1%, the typical Greater Moncton home didn't lose value. It's worth about 6% more than it was last summer.
Detached answered the question June left open
245 detached sales in June became 231 in July, which is 73.1% of everything that sold and down 3.7% from last July.The detached benchmark sat at $394,000, right where it was in June, and up 6.2% on the year. Two months at that level puts it back in line with where it's run through most of 2026.That's the answer we were waiting on. June's drop looks like a single month of unusual mix rather than the start of a slide.
Semis held their value but took longer to sell
44 semis sold. The benchmark came in at $375,000, up 6.0% on the year, so the slip we saw in June has recovered too.What changed is the pace. Median days on market jumped to 54.0, up from 35.0 in June. Active semi listings are up 30.4% over last year, and when buyers have that much more to look at, they stop rushing.We'd hold off on reading much into that. One month on 44 sales isn't a trend. August will tell us more.
Townhouses and apartments split
26 sales between them, going in opposite directions.The townhouse benchmark is up 17.8% on the year with just 3.3 months of inventory, so demand there is still ahead of supply. Apartments are down 6.6% year over year with 13.5 months of inventory, which is well over a year's worth of supply sitting on the market.
Homes are taking longer than they did last summer
Median days on market region-wide is 38.0, up from 33.0 last July. So the typical home is taking close to a week longer to sell than it was a year ago.Active listings went from 1,466 in June to 1,558 in July, and inventory sits at 4.9 months. Greater Moncton is still balanced. Balanced and slower than last summer, but balanced.By the way, we're Denise and Marc, a husband-and-wife real estate team here in Greater Moncton, New Brunswick with LPT Realty. Reading these numbers month to month is a big part of what we do, and
it's how we help people figure out when and how to make their move.What this means if you're buying or selling
If you're buying, there's more room than there's been in a while. 1,558 listings to pick through, and homes going at 97.0% of asking on average. You've got time to see a place twice before you decide on it.One thing about that 97%. It's measured against the most recent list price, not the original one. There have been a lot of price reductions this summer, so the distance between a seller's first number and their final number is often wider than it looks. Pull the price history before you decide what to offer.
If you're selling, the benchmarks say your equity is fine. Values are up around 6% on the year across detached and semi-detached. Pricing is still the whole game though. The listings sitting at 50 and 60 days are usually the ones priced above what buyers are actually paying.That's where things stand for July. Wondering what any of this means for your own place or your own timeline?
Reach out anytime. We sit down with people every week who are working through this exact decision here in Greater Moncton.We'll be back next month with August.