When looking across the province, Melrose is the 187th most expensive in Newfoundland and Labrador.
The median house price listed in Melrose this month is $82,450.
Newfoundland and Labrador 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 Melrose there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.