Market Watch

Here is the latest insight into what has been happening in the marketplace across Hamilton and surrounds for December 2017.

~ The Hamilton property market exceeded expectations for the month of December. 275 residential sales were recorded, 10 of which exceeded $1 million.

~ The median sale price rose to $565,000, a record for Hamilton, and the predominant selling range also edged up, $500,000 to $800,000.

~ Days to sell were virtually unchanged at 34.

~ Our Harcourts team were busy over the Christmas period, many buyers from outside of the Waikato region showing strong interest in Hamilton and making quick decisions to purchase.

~ Living in the country remains a popular lifestyle option with 54 rural and small holdings selling in the Waikato/Waipa district and Hamilton surrounds in the month of December.

~ Although December saw an increase in supply, a lack of rural and lifestyle properties for sale continues to constrain sales volume.