Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Armstrong Home Price
The median asking price in Armstrong is $134,900, quite a drop from the median three months ago which was $89,900 .
While the median for Manitoba is $269,900 , which means that Armstrong’s median price is $134,900 a lot lower than the rest of the province.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Armstrong has a pretty average amount compared to the rest of the province
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Armstrong will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Jul this neighbourhood’s most common listing the same as the national average.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Armstrong have stayed pretty much the same which would tend to indicate that demand is steady.
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