Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Spa Springs Home Price
In Nov the median listed house price of $137,400 in Spa Springs was a below average compared to the rest of Nova Scotia.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Across Nova Scotia Spa Springs has the 129th most properties on offer with 197.
Will prices rise across the next year in in Spa Springs? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Nov this neighbourhood’s most common listing the same as the national average.
When we look at the data we have, it can help with trying to establish whether or not Spa Springs is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Spa Springs 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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