The median sale price for February reached $768,000, representing a 3% increase year-on-year. While price growth remains measured, it indicates continued resilience in local values.
The median sale price for February reached $768,000, representing a 3% increase year-on-year. While price growth remains measured, it indicates continued resilience in local values.
Sales activity was notably stronger. 265 properties sold during the month, an 18% increase compared with February 2025. This lift in volume suggests greater confidence from both buyers and sellers as the market moves further into the year.
Despite the increased activity, the average days to sell remained steady at 38 days, broadly in line with the same period last year. This indicates a balanced pace of transactions, with properties continuing to move through the market at a consistent rate.
“As we predicted last month, the strong market activity following the Christmas break has translated into solid sales results through February. Volumes were noticeably higher than the previous year, and the median sale price has also edged upward.
We’ve also observed increased competition in our auction rooms over the past six weeks. These positive indicators point to a market that is steadily improving, with March already shaping up to be a standout month.”
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