Market Monitor
October-December 2024
Unparalleled in our local marketplace
Welcome to the latest instalment of the Ray White Market Monitor, reporting on the October to December quarter of 2024.
This document is your window to the industry, revealing detailed statistics we collect on everything from auctions through to property management. The quality, depth and timeliness of this data reporting is unparalleled in our local marketplace. Quite simply, nobody is doing this.
Inside these pages you will find a rich array of our collective data and results along with a selection of our auction success stories from the quarter.
We have highlighted our property management statistics, buyer inspection reports and finally, our involvement in the communities we call home.
Ray White Maroochydore
07 5443 2000
raywhitemaroochydore.com.au
Ray White Mooloolaba
07 5444 3455
raywhitemooloolaba.com.au
Ray White Nambour
07 5354 6000
raywhitenambour.com.au
Auction Report
QUARTER COMBINED | Oct-Dec
• Auction success rates fluctuated over the quarter, peaking at an impressive 91% in November before dropping to 78% in December. Despite the holiday slowdown, the quarter ended strong, with an 84% success rate.
• The average number of bidders per auction was slightly higher this quarter (2.88) compared to the previous quarter (2.48), showing increased competition.
• Buyers paid on average 4.42% more for the property when compared to the highest pre-auction offer.
• Properties were sold in an average of 33 days, consistant with the previous quarter.
Auctions Conducted
In 2024 we have conducted 550 auctions, which is more than 8x that of our closest competitor.
Buyer Inspections
OCTOBER NOVEMBER DECEMBER
2,407 total inspections
2,501 total inspections
939 total inspections
820 number of open homes
867 number of open homes
440 number of open homes
791 private treaty inspections
1,600 buyer inspections at auctions
935 private treaty inspections
1,535 buyer inspections at auctions
431 private treaty inspections
503 buyer inspections at auctions
Buyer Inspections Total
QUARTER COMBINED | Oct-Dec 2024
5,847 total inspections
2,127 number of open homes
2,157 private treaty inspections
3,638 buyer inspections at auctions
• A total of 5,847 property inspections were conducted this quarter, with November being the busiest month.
• Most inspections were at auctions (3,638), with 2,157 private treaty viewings.
• 2,127 open homes were held, showing high attendance.
• The average number of inspections per auction was approximately 28, with 3,638 inspections spread over 126 auctions. December saw fewer inspections, likely due to the holiday period.
Private Treaty Report
QUARTER COMBINED (average) Oct-Dec
QUARTER COMBINED (average) PREVIOUS QUARTER
• The number of homes sold through private treaty declined slightly month-on-month: 31 in October, 28 in November, and 20 in December.
• Homes sold faster in December, with the average time on market dropping to 15 days, likely due to buyers and sellers aiming to finalise contracts before Christmas.
• The overall success rate for private treaty sales was 82%, an improvement compared to the previous quarter’s 72%.
• A tightening in supply was evident, with fewer properties listed for sale compared to earlier in the year.
Where do our Buyers Come From?
OCTOBER
NOVEMBER
DECEMBER
Most buyers were locals, with over 60% coming from the Sunshine Coast. Brisbane buyers made up around 20%, especially in November and December.
Interstate buyers, mainly from NSW and VIC, contributed around 10% of total sales and Regional Queensland rounded out the balance of up about 7% of purchasers during the quarter.
Introducing...
Ray White Buderim
07 5445 6088 buderim.qld@raywhite.com
Ray White Kawana Waters 07 5354 6012 kawana.qld@raywhite.com
Ray White Maroochydore 07 5443 2000 maroochydore.qld@raywhite.com
Ray White Mooloolaba 07 5444 3455 mooloolaba.qld@raywhite.com
Ray White Nambour 07 5354 6000 nambour.qld@raywhite.com
Ray White Now, a monthly insight to provide clarity to all our customers on what is happening in the market now. If you are considering selling, this report explains how you can take advantage of the current conditions to achieve the best possible sales outcome.
Proudly presenting real-time residential market insights.
For a printed copy please contact one of our offices, for a digital copy, please scan the QR code.
© 2025
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior written permission of the publisher.