Halls Head recorded strong sales turnover in November, with prices holding steady and rental conditions
stabilising. Listings remained low across both sales and rentals, contributing to continued market pressure.
SALES
There were 41 residential sales recorded during the month, up 32.3% from October and 70.8% over the past three months. However, sales remained 8.9% lower than the same time last year. The overall median
dwelling price was $790,000, unchanged from October and up 9.3% year on year.
LISTINGS
There were 25 properties listed for sale at the end of November, down 35.9% month on month and 62.7%
lower than this time last year. Stock remains extremely limited, contributing to quick selling times.
LAND
There were 5 land sales during the month, with a median price of $570,000. Land prices remained flat for the month but rose 21.3% over three months and 41.3% year on year. Land sold in a median of 13 days, showing steady demand.
SALES TIME ON MARKET
Homes sold in a median of 13 days overall, unchanged from October. Houses took 30 days, units 17 days, and land 13 days, all showing relatively quick turnover despite low listings.
RENTALS
There were 18 leases signed during November, down 14.3% from the previous month. The median rent held at $650 per week, up 1.6% month on month and 4.8% annually. Houses rented at $650 and units at $495 per week.
RENTALS TIME ON MARKET
There were 17 rental properties listed at the end of the month, up 21.4% from October. Properties leased in a median of 17 days, three days quicker than last month.
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