The last three months has seen Sunshine Coast housing values drop by around 3.3%, so around 1% month on month with Jan Feb down to 0.8%, so the rate of decline closing steam.
This comes after the significant boom through COVID, which saw values increase by 52.5%!
Tim Lawless from Core Logic believes the market prices will stabilise in the second half of the year.
Buying and Selling conditions on the Sunshine Coast
Volume of new listings 677 (Feb 23), 900 (Feb 22)
Volume of total listings 3021 (Feb 23), 2609 (Feb 22)
Median Vendor Discount -5.0% (Dec-Feb 23), -3.8% (Dec-Feb 22)
Median time on the market 46 days (Dec-Feb 23), 17 days (Dec-Feb 22)
Source: My Weekly Preview 6/4/2023
