Real estate market conditions in New Brunswick remained steady in September.

The New Brunswick Real Estate Board reported 811 home sales during the month.

While that was up slightly from last September, it was below the usual pace for this time of year.

At the local level, home sales activity posted an increase in Fredericton (12.2 per cent) and Greater Moncton (8.3 per cent) and dropped in Northern and Valley Regions (-3.8 per cent) and Saint John (-7.3 per cent).

“The number of newly listed properties are holding steady and we’re seeing more homes on the market compared to last year,” Board Chair Mike Power said in a news release.

There were 1,231 new residential listings in September, an increase of more than six per cent from last year.

It was between one and two per cent higher than what New Brunswick would typically see at this time of year.

Officials reported 3,323 units on the market at the end of September, a gain of nine per cent year over year.

Months of inventory — the number of months it would take to sell current inventories at the current rate of sales activity — numbered 4.1, up from 3.9 months a year earlier and below the long-run average of 6.5 months for this time of year.

Meanwhile, the benchmark price for single-family homes was $310,200, a gain of more than six per cent on a year-over-year basis.

“Overall, the market is holding steady, walking the line between a seller’s market and balanced conditions,” said Power.