Market Update – August

Still a very stable market with steady sales and a plateau in the price level.

The median price is the same as two years ago at $428,000 and the average time to sell is sitting at 38 days.

We are finding sales are still consistent and although the numbers of clients at open homes are a little down, the quality of buyers that are coming through is good, with the result that we are receiving offers on most properties. The situation where the prices are not escalating is allowing buyers to have a more relaxed approach to their property search