August Residential Sales Stats Released
The lack of new listings coming into the market has resulted in lower sales. The number of residential properties sold during August for Gisborne City was down to 33 sales. The median sale price was $280,000. This was due to the small number of sales rather than any significant lift in the market. The average days on market were back up to 50 days. This indicates older stock has been cleared out. For those folk who have been thinking about selling, now is an excellent time to enter the market, as there is less competition between sellers for buyers.
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source: REINZ statistics – unconditional sales for August – Gisborne City
September 15 2009 | regional | 2 Comments »