Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Iona Home Price
While the median for Nova Scotia is $239,500 , which means that Iona’s median price is $207,450 below average than the rest of the province.
From our data, it appears that neighbourhood is number 4291th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
Nova Scotia 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Iona there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
When we look at the data we have, it can help with trying to establish whether or not Iona is a good investment target.
In Iona, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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