Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Green Bay Home Price
Green Bay, Prince Edward Island has a median house price of $347,975 when compiling all the home listings in Aug .
Across Prince Edward Island Green Bay has the 140th most properties on offer with 218.
Is Green Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Green Bay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Green Bay needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”