Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Buckhorn Home Price
When looking across the province, Buckhorn is the 227th most expensive in Ontario.
In Aug the median listed house price of $469,000 in Buckhorn was an impressive compared to the rest of Ontario.
There are 1145 neighbourhoods that have more properties on sale than Buckhorn at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Can we guarantee how well Buckhorn is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Buckhorn have dried up which would tend to indicate that demand is higher than the supply of new properties.
Will prices rise across the next year in in Buckhorn? There are a number of real estate indicators to consider.
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.
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