Listings shortage
The volume of residential property sales recorded by Barfoot & Thompson in September was a new high for the company, up 7.8% on September last year.
Saturday, October 18th 2003, 5:37AM
by The Landlord
The average sale price in September was a record $403,000, up 18.5% on the same period last year. Over the three months in the September quarter, average house prices are up 19% on the same quarter last year. "Clearly there is a divergence appearing between sales volume growth and price growth, which is probably explained by the continuing shortage of listings. Our available listings are down almost 23% on last year."
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