Carlton's buyers are being genuinely careful with their money right now, wary of paying too much in a market many feel could still soften further. That caution shows most clearly in the house market, where days on market have stretched to 85, up 73.5 per cent on last year, even though 88 houses have sold, a sharp 37.5 per cent increase in volume.
The apartment market tells a very different story. Units are clearing at 66.7 per cent with 476 sales this year, and days on market have fallen 30.6 per cent to just 34 days, reflecting the suburb's deep pool of first-home buyers and investors moving quickly on the right unit.
Sellers need accurate, conservative price guides here, and properties that need any further work are a harder sell right now. Some buyers are enjoying the limited competition at opens and auctions, though more listings are expected as spring approaches. Presentation and realistic pricing are what is separating a quick sale from a long one.
Median sale price for houses in Carlton is $1,250,000, down 8.1% from last year.
Median sale price for units in Carlton is $335,000, down 1.5% from last year.
Properties sold for houses in Carlton is 87, up 27.9% from last year.
Properties sold for units in Carlton is 477, up 14.4% from last year.
Auction clearance for houses in Carlton is 59.2%, up 3.5% from last year.
Auction clearance for units in Carlton is 67.6%, down 1.2% from last year.
Av days on market for houses in Carlton is 80, up 63.3% from last year.
Av days on market for units in Carlton is 33, down 32.7% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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