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Days on Market

Discussion in 'Real Estate' started by Jacque, 11th Sep, 2007.

  1. Jacque

    Jacque Team InvestEd

    16th Jun, 2005
    For those familiar with RE statistics, a leading indicator of how a particular suburb is performing in the current market is the average no. of days property is on the market before selling. If it's dropping then demand is climbing and the opposite is said to apply if the average is moving up.

    I was looking up some stats lately around different areas of Sydney and noticed that areas like the inner west have improved (down from 89 to 64 days over 12 mths 06-07) and even suburbs which appear to have picked up from their previous slumps (Baulkham Hills now averaging 52 days to sell) are improving. Waverton is averaging a very low 26, which indicates higher demand in the inner circle of the LNS- not surprising, given it's location and proximity to the city.

    More evidence that Sydney is indeed a very segmented market, in terms of growth and sales activity.