Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Summerside Home Price
Summerside was Canada’s 3482th most expensive suburb by listed median house price this month.
The $169,900 price tag on the median Summerside home means that it is below the national norm.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 1st neighbourhoods in Prince Edward Island, and Summerside has the 1st most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Summerside 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.
Summerside was Canada’s 848th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Summerside has a median home price of $149,900.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 2nd neighbourhoods in Prince Edward Island, and Summerside has the 2nd most choice available for real estate investors.
Is Summerside a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Summerside there is more stock than three months ago. This would indicate pressure on prices easing.
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