Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Tilton Home Price
Last month, Tilton was Canada’s 4314th priciest – this month at number 4314 it’s dropped -76 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.
In Aug the median listed house price of $107,450 in Tilton was relatively low compared to the rest of Newfoundland and Labrador.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Tilton has not many at all compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Tilton is a good investment target.
If you are looking at investment properties in Tilton, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Can we guarantee how well Tilton is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Tilton have stayed pretty much the same which would tend to indicate that demand is steady.
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