Harcourts August Marketwatch Statistics
The COVID impact resulted in the reduced number of listings, inspections and sales overall. Median sale price has reduced with a higher volume of sales in the lower end of the market. Interestingly the Sale Price above Rateable Value percentage increase almost 3%, still indicating a sellers’ market. The spring property surge is about to hit but will bank restrictions on lenders slow this down?? Time will tell… but supply v’s demand is still the strongest factor.
Trina Nichols - Harcourts Marlborough
027 3271953
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