Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Dresden Home Price
When looking across the province, Dresden is the 1038th most expensive in Ontario.
The $158,500 price tag on the median Dresden home means that it is below the national norm.
Dresden’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Dresden has fewer than average compared to the rest of the province
Ontario 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 Dresden, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Is Dresden a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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