Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Summerville Home Price
Canada’s national median home listing price this month is $290,900, which means that Summerville is in the cheapest 20% for Canada.
The median house price listed in Summerville this month is $114,900.
Prince Edward Island has the fourth least amount of properties available to property investors, with Summerville having 140th most in the province, out of a total of 218.
It’s never an exact art, but to try to forecast how property is going to appreciate in Summerville for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Summerville have dried up which would tend to indicate that demand is higher than the supply of new properties.
Is Summerville 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 Summerville 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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