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PRD  →  Research Hub  →  Morisset PRD Market Update 2nd Half of 2019

Morisset PRD Market Update 2nd Half of 2019

In Q3 2019, Morisset recorded a median house price of $550,000, and a median unit price of $375,000. This represents annual (Q3 2018 – Q3 2019) median price growth of 2.8% for houses and a price softening of -8.8% for units. At the same time, total sales in both markets slowed for Q3 2019, down by -4.0% for houses to 96 sales and by -71.4% for units to 2 sales. With less competition in the market now is the time for buyers to act.

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