Monthly Market Update | November 2019
Confidence climbing heading towards Christmas
Rising levels of confidence in the North Shore market is evident. The volume of sales increased again in November to 346, up 8.8% since the same time last year. Despite increased volumes, the median price reduced from $1,050,000 in November 2018 to $985,000 in November 2019.
A combination of low interest rates & shortage of listings continues to assist with fuelling the market. Median days to sell reduced to just 35. When aligned with owners prepared to meet the market with well-presented & well-marketed properties, generally achieving successful sales. In November our Cooper & Co Auction success rate was 69%.
Indicators suggest the market will remain strong heading in 2020, although it will typically experience a conservative period surrounding the election in the second half of the year.
Best wishes for a Merry Christmas & a happy & prosperous 2020!