Key takeaways for the 4-week period ending August 16:

• Median home sale prices climbed further to a new all-time high of $316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014.
• Pending home sales were up 15% year over year, and are showing signs of a more typical seasonal decline.
• 46.5% of homes had an accepted offer within the first two weeks on the market, the highest level since at least 2012 (as far back as our data on this measure goes).
• The supply of homes for sale continued its downward trajectory, and was 28%

A FAMILY looking to escape Melbourne snapped up a Gold Coast property within 36 hours of it hitting the market.

The interstate buyers, who could not physically inspect the property, relied on videos to make their decision before paying $2.225 million for the four-bedder at 43 Petrel Ave, Mermaid Beach.

MORE NEWS: Luxury acreage snapped up for $3.85m after one inspection

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Millionaires’ Row mansion sale among the biggest this year

It is the highest