Monthly Sales Hit Low Point
remember the good ole days ...
House sellers and real estate agents found it tough going last month with only 27 houses sold in Gisborne City in July 2010. This level of sales is extremely low and comes off the first six months averaging only 35 sales a month. The monthly median sale price continues to hover around the $250,000 mark and days on market dropped a little to average 38 days.Factors contributing to the low sales are: the absence of investors buying property, the low levels of economic activity right across most sectors and the general air of caution and lack of confidence about taking on more debt that many people are expressing. However, the nature of real estate is there are always genuine reasons why people chose to sell in any market and why buyers decide to buy. I just wish there were more of them!
