The median asking price in Monetville is $349,900, an improvement on the median three months ago which was $384,900 .
With Monetville’s median house price at $349,900 in Aug , it is above average compared to the rest of Ontario.
If you’re looking at investment properties in Monetville, then you’re most likely to find homes with 2 bedrooms on sale this month.
Will prices rise across the next year in in Monetville? There are a number of real estate indicators to consider.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Monetville, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 5.
Can we guarantee how well Monetville 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 Monetville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.