Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Woodmans Point Home Price
When looking across the province, Woodmans Point is the 11th most expensive in New Brunswick.
In Aug the median listed house price of $419,900 in Woodmans Point was an impressive compared to the rest of New Brunswick.
Across New Brunswick Woodmans Point has the 224th most properties on offer with 421.
When we look at the data we have, it can help with trying to establish whether or not Woodmans Point is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Woodmans Point there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Woodmans Point 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.
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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