The latest insights into what has been happening in the property marketplace across Hamilton and surrounds.

February 2021

$750,000

Median Sale Price

 

347

Number Of Sales

 

443

Listings on the Market

 

24

Days on Market

 
 

February sales were the highest recorded since 2005, some 28% greater than last February. The median sales price is a new record high, median days to sell dropped back to 24 from 30 in January as more post-holiday season newly listed property became available for purchase. While the number of listings has again increased slightly, there still remains insufficient property to cater for fervent demand. Listings, after accounting for those already under contract or yet to be built, remain less than a months’ supply. This is the best-selling market we have ever seen, the strong buyer confidence expected to continue throughout 2021.

Given the extent to which prices continue to surprise, we urge those clients considering selling, to consider auction to ensure the best possible price result!

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.

Market Insights