Housing prices in the greater Saint John area are on the way up — the Saint John Real Estate Board says the average price of M-L-S listed homes hit $188,500 last month — that’s the highest average price on record and a 12-percent increase from May of 2008.
M-L-S sales in the local area were also up 4.1-percent last month compared to May of last year.
Meantime — Canada Mortgage and Housing reports new housing starts to the end of May are off by a little over two percent compared to the same period a year ago.
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