The median sale price for October 2020 sits at $560,000 a rise of $55,000 on last year’s figure, showing our market remains very positive.
However, the number of sales for October has dropped from 199 last year to 183.
While there is an increase in homes on the market with 286 currently available, we still believe there is a genuine lack of supply, which means that more buyers are offering/competing for the same property.
The median days to sell stays the same at 23 days on the market. A lot of buyers are getting themselves in an unconditional position before looking to purchase, possibly why the median days to sell remains relatively low. Our open homes are still seeing good numbers viewing especially if a home sits in the high demand price range, particularly those between $450,000 and $550,000.
Christmas is fast approaching but we still believe there is plenty of upside to coming into the market. If you would like an updated appraisal on your home give your preferred Cutlers sales consultant a call we are ready to help. You may be surprised at how much your home could return you at present.