We sold or 9 projects last year and the market is saturated.

The market was saturated in 2016-17   I bid on 6 homes and didn't win one of the bids!   

Or is the market pretty much saturated? 

@David Esteban - start with running the numbers and let the end result be your starting point, before jumping into an analysis of factors such as population growth, job growth, market saturation, etc..

So you have the cost perspective, location perspective, asset class saturation level area demands and needs, your desired returns upon stabilization, and what the local muni's and public wants.Have to get that all working together which is why new development is not easy...lol

If you want to invest out of your immediate area then you still need to target a city and learn what's going on, unfortunately by the time an area is talked about widely it is usually saturated with competition.

The asset class is too saturated.

It will take time to get a deal as the market is saturated in Nj/NY.

Some areas may already be saturated with wholesalers and bandit signs...and if they have taken the passive approach via mailers and signs, then you could certainly shake things up by knocking on doors.  

This part of the phase lasts of course until the builders catch up with demand and saturate the market...resulting in a "cold" or "cooler" buyer's market.