Falcon closed out December with steady pricing and extremely tight stock levels. While sales volumes eased over the month, annual growth remains strong across houses and land, supported by limited supply and consistent demand.
SALES
The median house price held at $750,000, unchanged month on month and up 15.4% over 12 months.
Thirteen house sales were recorded in December, reflecting a 23.5% monthly decline following stronger
activity earlier in the quarter.
LISTINGS
Only three houses were listed for sale during the month, representing a 62.5% monthly drop and an 89.3% reduction compared to the same time last year, highlighting the ongoing shortage of available stock.
LAND
Vacant land recorded a median price of $362,000. While prices eased 3.3% over the month, values remain
42.2% higher year on year, supported by limited listings and ongoing buyer interest.
SALES TIME ON MARKET
Houses recorded a median of 26 days to sell, indicating properties continue to move efficiently despite lower listing volumes.
RENTALS
The median weekly rent increased to $555 per week, up 4.7% over 12 months. Five properties were leased
during December, with rental demand remaining steady relative to available stock.
RENTALS TIME ON MARKET
Rental properties leased in a median of 29 days, slightly longer than earlier in the year,
reflecting seasonal conditions rather than reduced demand.
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