According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Long River Home Price
Long River was Canada’s 4432th most expensive suburb by listed median house price this month.
Want a cheaply priced house? Then at $119,900 this month, Long River, Prince Edward Island is somewhere that you should look at price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 218 neighbourhoods that have more properties on sale than Long River at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Will prices rise across the next year in in Long River? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Can we guarantee how well Long River 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.
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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