Ravenswood recorded a quiet month in November, with low sales volumes but solid annual price growth
across dwellings and land. Rental conditions tightened with fewer listings and rising demand.
SALES
There were 4 residential sales recorded during the month, down 55.6% from October and 20% lower over the past three months. The median dwelling price rose to $687,000, marking 2.1% monthly growth and 10.4% over the year.
LISTINGS
There were 6 properties listed for sale at the end of November, down 14.3% from October but up 100% over three months. Stock levels remain low, which continues to support price resilience.
LAND
One land sale was recorded in November at a median price of $267,000. This reflects 7% growth for the
month, 9.2% over three months, and 26.2% annually. Land sold in a median of 11 days, a slight increase
compared to October.
SALES TIME ON MARKET
Homes sold in a median of 13 days, slightly longer than last month but still fast by historical standards. Land took 11 days to sell, consistent with recent months.
RENTALS
There were 3 residential leases signed during the month, up 50% from October and 200% higher than a year ago. The median rent for houses was $510 per week, down 10.5% for the month and 8.9% annually.
RENTALS TIME ON MARKET
There were 6 rental properties listed at the end of November, down 14.3% from October. Homes leased in a median of 35 days, 4 days slower than last month and 23 days slower than a year ago.
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