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Housing market goes off the boil

The national median house price remained steady at the record $215,000 level, which was 16.2% up on September last year, and activity picked up its already frenzied pace, the number of houses sold rising from 10,193 in August to 10,687 in September which compares with 7,943 in September last year.

Thursday, October 23rd 2003

Still, one sign of moderation was that the number of days it took to sell a house in September rose to 33 days from the record low of 25 days in August. That contrasts with about 50 days on average through most of 2000.

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