House prices fall in May as coronavirus hits local market

The latest CoreLogic Home Values Index reports the average value of a property across Sydney has dropped 0.4 per cent to $885,159 during May.

Despite less market activity as a result of the coronavirus, the city median dwelling price is still 3.9 per cent higher than it was at the start of the calendar year and 14.3 per cent higher than it was at this time in 2019.