Market Update – Summer to Autumn 2023

Let’s get down to business

As Autumn approaches and the weather cools, the opposite can be said for The Hills Real Estate market. Although the local property market had a slower start in January 2023 due to uncertainty around interest rate increases, February and March have shown a positive trend for both new stock and sales. Selling numbers have returned to pre-Covid pandemic levels, with an increasing amount of new stock further solidifying this trend. As the market continues to open up our team are consistently reporting a high volume of serious buyers attending open homes, along with a genuine interest in negotiation.

Despite media reports of tightening prices, this is not what the results are showing in our locale. It’s important to note that The Hills District operates as a micro-climate due to its high number of owner-occupied properties in comparison to the greater Sydney region, with tightening often reflected in investment properties. The prestige market continues to show strength, as evidenced by recent sales results. With so many qualified buyers seeking a place to call home within The Hills District, now is an excellent time to speak with our team. We are a group of people-first, local market experts ready to work with you to achieve a great result for your home. We look forward to meeting with you soon!

If you’d like a report on property sales in your area (like the report below) over the last 3 months, please e-mail info@guardianrealty.com.au.