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.
Mount Herbert Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Mount Herbert is number 1031 putting it ahead of most neighbourhoods .
The median house price listed in Mount Herbert this month is $349,900.
This month we track 87th neighbourhoods in Prince Edward Island, and Mount Herbert has the 87th most choice available for real estate investors.
Can we guarantee how well Mount Herbert 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Mount Herbert have increased which would tend to indicate that demand is not as high as supply.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mount Herbert there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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