Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Melville Home Price
In Aug the median listed house price of $77,000 in Melville was relatively low compared to the rest of Prince Edward Island.
This month we track 140th neighbourhoods in Prince Edward Island, and Melville has the 140th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Melville is a good investment target.
Over the last three months in Melville, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Prince Edward Island 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.
If you are looking at investment properties in Melville, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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