The President of the Saint John Real Estate Board says prices in the local housing market did increase slightly last month.
Jason Stephen is reacting to the dismal numbers which show 170 homes sold in May down 26% from May of 09.
He tells CHSJ News that there is no reason to panic as they are month over month numbers, he says they pay close attention to year over year numbers which shows a small increase.
Stephen tells us things are not the way they were in 2007 but, on the whole he calls the Saint John housing market stable and balanced.
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