The city’s median house price hit a record high of $335,000 for the year ending April 30, the latest figures show.

It comes after recent data showed there was a 5.3 per cent annual increase in rental bonds held at Dubbo.

These measures together show there’s lots of activity out there.

Australian Property Monitors (APM) reports 613 houses were sold in the year ending April 30 and the median price climbed 4.7 per cent for the year to set the record.

The 10-year average annual growth has edged higher to 4.3 per cent.

Average days on market was 73, behind only Sydney at 62 days and in front of every other capital city.

The nearest regional city was Bathurst at 124 days with other Evocities ranging between 126 and 185 days.

“The Dubbo residential market continues to perform strongly with significant house price growth since mid-2012,” Real Estate Institute NSW (REINSW) - Orana division acting chairman Bob Berry said.

The median house price reflected continuing demand across all the buying sectors, with investors contributing strongly, seen in the annual increase in the number of rental bonds held in Dubbo, he said.

The Dubbo market is attracting notice from outside, with REINSW president and Sydney-based realtor John Cunningham saying it was “an impressive town” during a recent visit.

“It’s such a vibrant marketplace up here and the thing Dubbo stands out from the rest of the state is it’s got one of the shortest days on the market for property,” he said.

“It’s such a strong market, there’s a lot of transactions happening and I think the general economic prosperity that’s happening around Dubbo at the moment is reflected in the real estate market.”

The Real Estate Institute of NSW (REINSW) – Orana division recently suggested the housing sector is currently worth $415 million to the city.

The division looked at house and unit sales, building approval and land sales, and rents to arrive at the figure.

That’s a lot of welcome direct jobs and growth from the myriad of people involved in these activities and the purchases they make further boost the economy.