The median sale price for September has taken another big jump, rising to $485,000. Again this is a record high. Compare this to 12 months ago where our median was sitting at $400,000, giving a 21% increase overall in the comparative stakes.
Number of sales rises to 205 for the month, up 13 sales from the corresponding time of last year (192) and a significant increase from this Augusts figure of 165. Currently there are 222 homes and sections displaying on realestate.co.nz. This figure remains steady but also shows there is only a month’s supply of property currently available to buyers, hence many buyers are competing with each other for that elusive home. Case and point at our recent open home in Barr Street some 48 groups viewed the property over the first weekend.
Days on the market are sitting at 22, giving strong signs property is turning over very quickly and as a buyer you need to be in a position to act promptly. We suggest talking to your Salesperson and working with them to put your best offer forward.