Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Bloomfield Home Price
Bloomfield was Canada’s 4506th most expensive suburb by listed median house price this month.
The median house price listed in Bloomfield this month is $53,950.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Nov this neighbourhood’s most common listing the same as the national average.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Bloomfield has fewer than average 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 Bloomfield will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
In Bloomfield, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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