$1m plus homes becoming commonplace in Timaru stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
That compared to a national median price of $749,000 in December. “The median price of $384,000 is lower than November and shows that the market, while buoyant, shows the $400,000 and under market is where the majority of buyers are active and looking,” Blanchard said. The median days to sell was 28 in December 2020 compared to 29 in December 2019 and 37 in December 2018. “The local economy has been strong after lockdown, and with lower interest rates, more people are looking to buy. “Sales figures are from across the price ranges, but what has changed in the past 12 months is that there are very few houses sold under $300,000, there are still units and smaller houses in that price range, so that tends to push the median house price up.