Sydney private treaty house prices fall 4% in three weeks: RP Data

The median price paid for a Sydney house sold via private treaty has fallen around 4% in the past three weeks, according to weekly figures compiled by RP Data.

The figures are noteworthy because while auction results make headlines, private treaty sales represent around 85% of all dwelling sales across the country.

For the week ending July 21, RP Data records a Sydney median house price of $600,000 from 2,375 private treaty sales over the prior four weeks.

For the week ending June 30, RP Data recorded a median of $625,000 from 1,668 sales over the prior four weeks.

In contrast, Melbourne median house prices have risen from $441,750 as of June 30 to $447,750.

RP Data figures for the week ending July 21:

RP Data figures for the week ending June 30:

The statistics are calculated across houses and units sold over the most recent four week period. Records without a valid sale price have been excluded from the analysis and median prices are withheld for cities where fewer than ten sales have been recorded.