Cotality (previously CoreLogic) has just released their June quarter insights. The market shows a positive inflection in national housing values since February, aligned with the first rate cut in over four years. The real catalyst, according to Executive Research Director Tim Lawless, was the anticipation of rate cuts. “We were already seeing housing values moving…
Tag: Newcastle real estate market
Sales Trends – March 2025 Median Days on Market *Local data sourced from realestate.com.au MONTHLY HIGHLIGHT:
New listings lifted in February across all four local LGAs. Sold listings also rose but weren’t as strong as February of last year (except for Maitland, which performed similarly: 140 sales vs. 141 last Feb). February sales are still higher than in 2023 across all four local LGAs, and similar to that of 2022, the…
New listings rose, sold properties decreased, and days on market increased in January, as to be expected following the Christmas holidays. Sold properties also decreased when compared with January of 2024. Median sold prices rose with the Newcastle LGA now at $974K, Lake Macquarie: $867K, Port Stephens: $840K, and Maitland: $770K. *Local data sourced from…