Summary answer: It's genuinely mixed — some measures show a real median price recalibration (down 21.2% YoY in one April 2026 reading), while homes still receive an average of 5-6 offers and the market carries a "Strong" 75/100 Ridley score. This looks like a shift toward more deliberate buyer decisions, not a lack of demand.
I'm Johnny with JQ Real Estate. Let me break down what's actually behind this.
The numbers that tell the real story
| Indicator | Reading |
|---|---|
| Median price (one measure) | -21.2% YoY |
| Average offers received | 5-6, still strong |
| Homes selling above list | Over half in some measures |
Why this is a recalibration, not a genuine slowdown
Demand hasn't disappeared — buyers are being more selective, but competition for well-priced homes remains real.
Let's talk about your specific timing
Reach out and let's talk through what this means for your specific property.
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