Real estate does not take time out – if your property is well presented, it sure is to hit the buyers. April proved that buyers are out there …. Looking!
A bit of good news for prospective buyers are the Reserve Bank announcement that the OCR (Official Cash Rate) was adjusted to 1.5% recently. This should result in better rates on securing mortgage finance.
A good number of sales were recorded for the month – taking into account Easter and Anzac public holidays. Sales to the tune of 267 registered with the $700K to $799K (80) price band taking charge followed by the $550K to $599K (76) hot on its heels. Stock to choose from seems to be holding up well too – average days to sell down to 31 days now. The median sale price is slightly down – $569K compared to $575K for March in Hamilton City.
A time to enjoy the vibrant colours coming with change of season!