Debt service ratio is essentially the ratio between your income and your debt payments. This ratio is important because it’s a simple way to measure how effectively you can handle your payments.
Souris West Home Price
The median asking price in Souris West is $199,000, pretty close to the median three months ago which was $169,000 .
The median house price listed in Souris West this month is $199,000.
There are 218 neighbourhoods that have more properties on sale than Souris West at the moment in Prince Edward Island which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Will prices rise across the next year in in Souris West? There are a number of real estate indicators to consider.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Souris West, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Souris West will hopefully provide an indicator to help you where to research in-depth
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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