Melrose was Canada’s 4351th most expensive suburb by listed median house price this month.
In May the median listed house price of $129,900 in Melrose was a below average compared to the rest of New Brunswick.
Across New Brunswick Melrose has the 290th most properties on offer with 416.
When we look at the data we have, it can help with trying to establish whether or not Melrose 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 Melrose there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Will prices rise across the next year in in Melrose? There are a number of real estate indicators to consider.
In Melrose, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.