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Friday, February 25, 2011

The Port City Is Not A Seller's Market

Saint John is not a seller's market these days when it comes to unloading a home. That word from Jason Stephen who's President of the Saint John Real Estate Board.
Stephen says the days on market averages are increasing and the market is unlike 2007 and2008 when there were more sales and more product moving quickly.

Housing sales in January were down 16 per cent from January of 2010 with the average price of almost 172 thousand dollars which is an increase of 2 per cent year to year.