When looking across the province, Truro is the 502th most expensive in Nova Scotia.
When our research team crunched the numbers we calculated that Truro has a median home price of $174,900.
This month we track 13th neighbourhoods in Nova Scotia, and Truro has the 13th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Truro is a good investment target.
In Truro, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
When looking across the province, Truro is the 40th most expensive in Nova Scotia.
The $129,900 price tag on the median Truro home means that it is very cheap in comparison to the rest of the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Truro has a huge choice compared to the rest of the province
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Truro needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Truro there is more stock than three months ago. This would indicate pressure on prices easing.