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