Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Whitehead Home Price
The median asking price in Whitehead is $264,900, an improvement on the median three months ago which was $349,900 .
In Oct the median listed house price of $264,900 in Whitehead was an above average compared to the rest of Manitoba.
Manitoba has the seventh most amount of properties available to property investors, with Whitehead having 203th most in the province, out of a total of 253.
As one of Manitoba’s many potential real estate investment neighbourhoods, Whitehead needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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 Whitehead have dried up which would tend to indicate that demand is higher than the supply of new properties.
Can we guarantee how well Whitehead 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Whitehead 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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