Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Upper Musquodoboit Home Price
When looking across the province, Upper Musquodoboit is the 626th most expensive in Nova Scotia.
The median house price listed in Upper Musquodoboit this month is $141,400.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
Is Upper Musquodoboit a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Upper Musquodoboit, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 4.
In Upper Musquodoboit, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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