Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Erin Home Price
Erin was Canada’s 96th most expensive suburb by listed median house price this month.
Erin, Ontario has a median house price of $859,900 when compiling all the home listings in Aug .
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Ontario has the most amount of properties available to property investors, with Erin having 174th most in the province, out of a total of 1145.
It’s never an exact art, but to try to forecast how property is going to appreciate in Erin for investors, it’s important to look at data like:
In Erin, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Erin was Canada’s 8th most expensive suburb by listed median house price this month.
The median house price listed in Erin this month is $799,000.
This month we track 133th neighbourhoods in Ontario, and Erin has the 133th most choice available for real estate investors.
Can we guarantee how well Erin 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.
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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