Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Pennfield Home Price
With a median listing price of $179,900, Pennfield is Canada’s 3261th most expensive when ordered by median listing price.
In Aug the median listed house price of $179,900 in Pennfield was an above average compared to the rest of New Brunswick.
There are 421 neighbourhoods that have more properties on sale than Pennfield at the moment in New Brunswick which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Pennfield is a good investment target.
Over the last three months in Pennfield, housing stock available seems to be falling – this could mean that homes values might increase faster.
New Brunswick 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.
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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