Figures released by the New Brunswick Real Estate Association show 8,633 MLS transactions in 2008 of which 7,555 were residential properties. That's a drop of eight per cent in total sales and 7.4 per cent in residential property sales from the record-setting 2007 figures.
However, the value of all properties sold totalled $1.2 billion, only one per cent from breaking the 2007 record, while the total value of residential sales was $1.1 billion, just 1.2 per cent below the record.
"We have had several years of reasonable increases in real estate prices, rather than any spectacular jump, and that indicates a strong and healthy market," said association president Dwayne Hayes.
