In Jun the median listed house price of $322,900 in Lennox and Addington was an above average compared to the rest of Ontario.
Ontario has the second most amount of properties available to property investors, with Lennox and Addington having 995th most in the province, out of a total of 1159.
Can we guarantee how well Lennox and Addington 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.
When we look at the data we have, it can help with trying to establish whether or not Lennox and Addington 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 Lennox and Addington there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.