Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Knightville Home Price
Across the nation CREW lists data for 4742 neighbourhoods, and this month Knightville is number 2366 putting it in the top half of the country .
With Knightville’s median house price at $218,700 in Dec , it is high priced compared to the rest of New Brunswick.
There are 375 neighbourhoods that have more properties on sale than Knightville at the moment in New Brunswick which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Will prices rise across the next year in in Knightville? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Knightville 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 Knightville is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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