May best month in 20 months
Sales are up with 64 residential property sales being reported for May. The last time we saw 60 plus sales was in November 2007. Perhaps it is a sign that sellers are not wanting to hold out for premium prices that are just not there. But there have been some excellent top end sales with 5 sales above $600,000 and two of those above one million. With a lot of stock having been on the market for some time and now being cleared I anticipate June sales to be at a lower level.
June 06 2009 09:20 am | regional