The housing market on the Northeast Avalon is rebounding from multi-year lows.

That’s according to Canada Mortgage and Housing’s latest Housing Market Assessment released this week.

Senior market analyst Chris Janes says while house prices and sales are relatively flat, the market is improving.

Housing starts are down about 20 per cent from last year, and demand in new builds remains low, meaning there are about 150 new builds on the market and vacant.

He says right now people are looking at existing homes under $300,000.