13 October 2015

Strongest Winter Market

Victoria has experienced the strongest winter market in eight years

With 33,500 sales in the three months to August 2015. 

There were around 12,900 residential sales transacted in Victoria over August 2015, the highest on record for the month of August. 

Approximately 4,400 auctions were held in August, with auction sales volumes up 26 per cent from last year's figures. With a clearance rate of 76 per cent, total auction transactions for August were a record 3,300.

Properties have continued to sell at a faster pace with the median number of days on market shortened by one day to 31 days in August - down 12 days from last year. 


 

Source:  REIV September 2015 Research Bulletin 


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