September's Greater Moncton real estate market update shows prices holding steady while sales fell 26%, giving buyers more choice and more room to negotiate. If you've been holding off on buying because you're hoping prices will come down, September didn't really deliver that.
The value of a typical home barely moved from a year ago. What did change is how much choice buyers have, and how much leverage comes with it. Here's what the numbers say and why they matter if you're planning a move.
The benchmark price is the number we watch most. It tracks the value of a typical home rather than whatever happened to sell that month. In September it came in at just over $377,000, essentially unchanged from last September. The detached benchmark was flat too.
The average sale price did slip 3.3% compared to last September, from about $380,000 down to just under $368,000. The detached average fell further, down 7% from about $395,000 to just under $367,000. So why the difference?
With the benchmark holding steady, that drop comes down to which homes happened to sell. If fewer higher-priced homes close in a given month, the average dips even though a typical home is worth about the same as a year ago.
Supply is where buyers gained real ground. Greater Moncton is sitting at 6.9 months of inventory, up from 4.7 last September. (Months of inventory is roughly how long it would take to sell every home currently listed at the current pace of sales, if nothing new came on the market.)
Last month we said one month above six didn't change much on its own. September makes it two in a row, and that's getting into territory that favours buyers. With that much to choose from, buyers don't feel the same pressure to jump on the first home they like, or to get pulled into a bidding situation.
We saw exactly that with one of our buyers recently. They were all set to write an offer, and right before we did, the listing agent let us know another offer had just come in. They decided not to write at all. They didn't want to compete, and they weren't worried about it, because there were plenty of other homes to look at. With this much inventory, they were right. Last September, with a lot less to choose from, walking away would have been a much harder call.
Sales were the number that stood out most. 229 homes sold across all residential property types, down 26.1% from last September. That's 81 fewer homes, and it's even lower than September 2016, which had 238.
Year to date, sales are down 8.4%, so September fell off harder than the rest of 2026 has. Median days on market was 51, a little longer than August and about the same as last September.
Detached homes account for most of that drop. 171 sold, down 22.3% from a year ago, which works out to 49 fewer sales.
The ones that did sell moved fairly quickly, though. Median days on market for detached homes was 46, about a week faster than last September. Detached inventory is at 6.4 months, up from 4.8 a year ago.
Semi-detached sales fell to 28, down from 49 a year ago, and inventory jumped from 2.9 months to 6.2. Like last month, semis averaged more than detached homes, at just over $395,000. On 28 sales, we wouldn't read much into that.
By the way, we're Denise and Marc, a husband-and-wife real estate team here in Greater Moncton, New Brunswick with LPT Realty.
If you've been waiting on prices, the bigger change right now is leverage. Prices are holding fairly steady, but buyers can take their time, keep conditions in their offers, and walk away from a bidding situation like our buyer did.
If you're selling, you're up against a lot more listings than you would have been a year ago. Pricing your home right from day one matters more now, because buyers have plenty of other options and they know it.
The trend we're keeping an eye on is the year-over-year drop in sales. It went from 5.1% in July to 15.3% in August, and then the 26.1% we saw in September.
Next month will tell us whether that gap keeps widening or starts to level off.
That's where things stand for September. If you want to talk through what these numbers mean for your own plans in Greater Moncton, reach out anytime. We sit down with people every week who are trying to figure out this exact decision.
The value of a typical home barely moved from a year ago. What did change is how much choice buyers have, and how much leverage comes with it. Here's what the numbers say and why they matter if you're planning a move.
Prices barely moved from a year ago
The benchmark price is the number we watch most. It tracks the value of a typical home rather than whatever happened to sell that month. In September it came in at just over $377,000, essentially unchanged from last September. The detached benchmark was flat too.
The average sale price did slip 3.3% compared to last September, from about $380,000 down to just under $368,000. The detached average fell further, down 7% from about $395,000 to just under $367,000. So why the difference?
With the benchmark holding steady, that drop comes down to which homes happened to sell. If fewer higher-priced homes close in a given month, the average dips even though a typical home is worth about the same as a year ago.
Buyers have a lot more to choose from
Supply is where buyers gained real ground. Greater Moncton is sitting at 6.9 months of inventory, up from 4.7 last September. (Months of inventory is roughly how long it would take to sell every home currently listed at the current pace of sales, if nothing new came on the market.)
Last month we said one month above six didn't change much on its own. September makes it two in a row, and that's getting into territory that favours buyers. With that much to choose from, buyers don't feel the same pressure to jump on the first home they like, or to get pulled into a bidding situation.
We saw exactly that with one of our buyers recently. They were all set to write an offer, and right before we did, the listing agent let us know another offer had just come in. They decided not to write at all. They didn't want to compete, and they weren't worried about it, because there were plenty of other homes to look at. With this much inventory, they were right. Last September, with a lot less to choose from, walking away would have been a much harder call.
Sales dropped harder than they have all year
Sales were the number that stood out most. 229 homes sold across all residential property types, down 26.1% from last September. That's 81 fewer homes, and it's even lower than September 2016, which had 238.
Year to date, sales are down 8.4%, so September fell off harder than the rest of 2026 has. Median days on market was 51, a little longer than August and about the same as last September.
How detached homes, semis and condos compared
Detached homes account for most of that drop. 171 sold, down 22.3% from a year ago, which works out to 49 fewer sales.
The ones that did sell moved fairly quickly, though. Median days on market for detached homes was 46, about a week faster than last September. Detached inventory is at 6.4 months, up from 4.8 a year ago.
Semi-detached sales fell to 28, down from 49 a year ago, and inventory jumped from 2.9 months to 6.2. Like last month, semis averaged more than detached homes, at just over $395,000. On 28 sales, we wouldn't read much into that.
Looking at benchmark prices instead of averages, a typical detached home is still worth about $16,000 more than a typical semi.
Townhouses and apartments stayed a small slice of the Moncton housing market, with 12 sales between them.
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've been waiting on prices, the bigger change right now is leverage. Prices are holding fairly steady, but buyers can take their time, keep conditions in their offers, and walk away from a bidding situation like our buyer did.
If you're selling, you're up against a lot more listings than you would have been a year ago. Pricing your home right from day one matters more now, because buyers have plenty of other options and they know it.
What we're watching in October
The trend we're keeping an eye on is the year-over-year drop in sales. It went from 5.1% in July to 15.3% in August, and then the 26.1% we saw in September.
Next month will tell us whether that gap keeps widening or starts to level off.
That's where things stand for September. If you want to talk through what these numbers mean for your own plans in Greater Moncton, reach out anytime. We sit down with people every week who are trying to figure out this exact decision.