Across the nation CREW lists data for 5162 neighbourhoods, and this month Murray is number 2597 putting it in the bottom half of the country .
With Murray’s median house price at $218,000 in Aug , it is about average compared to the rest of Nova Scotia.
There are 825 neighbourhoods that have more properties on sale than Murray at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Can we guarantee how well Murray 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Murray have dried up which would tend to indicate that demand is higher than the supply of new properties.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
If you are looking at investment properties in Murray, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.