Sydney Market Commentary July 24th

Across the Upper North Shore market over the past 2 weeks we have seen a dramatic uptick in buyers across all price ranges. Sentiment has been down slightly over the cooler months which is expected in a typical market, we got a little to comfortable over the past 3 or 4 years with busy winters but in a normal market, maybe a little hibernation is not a bad thing.

That being said, there have still been some fantastic results over the past few weeks also, when good property hits the market buyers will get active.

The broader Sydney market has been up and down with the most recent Auction clearance rates up at 60%.

There were originally 344 properties scheduled for Auction and 205 reported to have taken place.

The median sale price at Auction was down at $1,142,500.

The Upper North Shore clearance rate was up at 68%.

Thomas Merriman.


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