The December stats are now in, and the greater Dunedin median is sitting at $585,000, an 18.8% rise on the corresponding month in 2019. A reflection on our very busy marketplace where supply is stripped out by the demand.

232 sales were recorded for December 2020, this is a lift of 39 from December 2019. Due to the busyness of the market, it was typical to see properties attracting many attendees at open homes and multiple offers being received on various properties.

The median days to sell sit at 21 a slight change from 22, this is a real reflection of how quick a buyer needs to act, showing that buyers need to get themselves in a very favourable position to be able to purchase.

Currently, there are just 176 properties and sections available on realestate.co.nz, however, this number is expected to rise as we get further into 2021.

Historically the months of February and March have proven that more sellers come onto the market, hopefully, this trend continues. With interest rates now being offered at 2.29% from some of the larger banks, buyers will get on board and plenty of activity will be to the fore.