The $149,900 price tag on the median Matagami home means that it is below the national norm.
Matagami’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Across Quebec Matagami has the 873th most properties on offer with 1047.
It’s never an exact art, but to try to forecast how property is going to appreciate in Matagami for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Can we guarantee how well Matagami 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 Matagami there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.