ERSKINE MARKET SNAPSHOT – JULY 2025

Erskine’s market held its ground in July, with house prices climbing and sales activity ticking up slightly, despite limited stock on the market.

SALES

There were 16 residential sales for the month, with houses making up the bulk. The median house price rose to $710,000, reflecting a monthly gain of 1.4% and 10.9% growth over the year.

LISTINGS

Only 8 properties were listed for sale at the end of July — unchanged from the previous month but 27.3% lower than this time last year, keeping competition strong.

LAND

Land activity was extremely limited, with just one sale recorded. The median land price jumped to $422,000, though this reflects a very low volume of transactions.

SALES TIME ON MARKET

Homes sold quickly, with a median time on market of just 3 days in July. Units took longer, with a median of 37 days, while the single land sale settled in 13 days.

RENTALS

Rental activity slowed right down, with only 2 leases signed during the month. The median rent for houses was $625 per week, holding steady compared to June.

RENTALS TIME ON MARKET

At the end of July, 5 rental listings were on the market. Properties took a median of 25 days to lease, showing a slight improvement in rental turnover compared to earlier months.