Market Watch

 

Here is the latest insight to what has been happening in the marketplace across Hamilton and surrounds for June 2017.

~ Sale numbers for the month of June dipped slightly to 269 down from 309 in May.

~ Available properties for sale down to 672 at the time of reporting, from 703 in May.

~ Days to sell shortened to 32, down from 37 in May.

~ 50% of all the properties sold in June were between $400,000 and $600,000.

~ The median sale price moved down to $515,000, a slight dip of 3.5% from May.

~ Harcourts are currently conducting over 50% of all auction marketing programs in Hamilton with an 89% sale rate by auction for the calendar year.

~ The local lifestyle and rural market continues its momentum with strong demand across all price brackets.

~ Supply of quality Lifestyle and Rural properties for sale is holding back sales volumes

~ Overall the market is balanced, with opportunities for both buyers and sellers to take advantage of living in our great city.

 

If you or someone you know is contemplating selling in such a strong market, don’t delay and talk to one of our Harcourts consultants today about an up to date market appraisal and how to set the right strategy to achieve a premium sale price for your property.




 
 
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