Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Upper LaHave Home Price
The median asking price in Upper LaHave is $279,900, an improvement on the median three months ago which was $219,900 .
While the median for Nova Scotia is $232,500 , which means that Upper LaHave’s median price is $279,900 better than average than the rest of the province.
Nova Scotia has the fifth most amount of properties available to property investors, with Upper LaHave having 323th most in the province, out of a total of 825.
Can we guarantee how well Upper LaHave 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 Upper LaHave have increased which would tend to indicate that demand is not as high as supply.
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.
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