Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Wood Islands Home Price
The median asking price in Wood Islands is $180,000, less than the median three months ago which was $319,350 .
Wood Islands, Prince Edward Island has a median house price of $180,000 when compiling all the home listings in Aug .
There are 218 neighbourhoods that have more properties on sale than Wood Islands at the moment in Prince Edward Island which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Wood Islands is a good investment target.
In Wood Islands, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
Can we guarantee how well Wood Islands 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 Wood Islands 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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