Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Rosseau Home Price
The median asking price in Rosseau is $2,349,000, a substantial increase over the median three months ago which was $1,295,000 .
In Aug the median listed house price of $2,349,000 in Rosseau was an impressive compared to the rest of Ontario.
Rosseau’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 5 bedrooms.
There are 1145 neighbourhoods that have more properties on sale than Rosseau at the moment in Ontario which puts the neighbourhood top 40% 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 Rosseau is a good investment target.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Rosseau 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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