Lumsden Dam was Canada’s 906th most expensive suburb by listed median house price this month.
The $379,450 price tag on the median Lumsden Dam home means that it is quite highly priced by Canadian standards.
Across Nova Scotia Lumsden Dam has the 521th most properties on offer with 757.
When we look at the data we have, it can help with trying to establish whether or not Lumsden Dam 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 Lumsden Dam there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Lumsden Dam 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.
In Lumsden Dam, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.