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Elora Home Price
Elora was Canada’s 147th most expensive suburb by listed median house price this month.
Want a cheaply priced house? Then at $724,900 this month, Elora, Ontario is definitely not for you price wise.
There are 1145 neighbourhoods that have more properties on sale than Elora at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Elora 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 Elora there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
In Elora, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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