Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Grafton Home Price
In Aug the median listed house price of $279,450 in Grafton was an impressive compared to the rest of New Brunswick.
New Brunswick has the seventh most amount of properties available to property investors, with Grafton having 178th most in the province, out of a total of 421.
When we look at the data we have, it can help with trying to establish whether or not Grafton is a good investment target.
If you are looking at investment properties in Grafton, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
New Brunswick 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.
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 Grafton have stayed pretty much the same which would tend to indicate that demand is steady.
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