Signs point to improvement, agency says
“September’s average house sales price at $738,876 is the highest on record,” said managing director Peter Thompson. “It is $13,000 up on the previous highest average price established in March this year, and up 3.8% on the previous month’s average price. However, the sales data shows the high average price was the result of a relatively modest number of homes being sold, of which a high number sold for in excess of $1 million."
Just over 17% of the homes sold went for more than $1 million.
September's media price was $635,000, up less than 1% on August.
Thompson said properties in that price bracket were less affected by the uncertainties around the election.
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