Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Vernon River Home Price
Vernon River was Canada’s 2900th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $199,700 in Vernon River was an above average compared to the rest of Prince Edward Island.
This month we track 140th neighbourhoods in Prince Edward Island, and Vernon River has the 140th most choice available for real estate investors.
Will prices rise across the next year in in Vernon River? There are a number of real estate indicators to consider.
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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Vernon River 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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