PRD Nationwide’s first quarter 2015 study said median house prices in Horsham Rural City rose by 7.2 per cent from $220,500 in 2013 to $236,300 in 2014.

It found the median price of units had jumped by 20.3 per cent, from $185,000 to $222,500.

The Reserve Bank of Australia slashed the official cash rate to two per cent last week, which is set to further ignite a nationally hot real estate market.

Preston Rowe Paterson Horsham and Wimmera director and property valuer Ben Sawyer said the data stacked up against other industry studies.

‘‘The market is nice and strong,’’ he said.

He said growth in Horsham was in line with state and national trends in property markets.

‘‘Horsham is a vibrant community,’’ he said.

‘‘It’s got everything you need to live a comfortable life and it’s half-way between Melbourne and Adelaide.’’

Mr Sawyer said Horsham’s market was stronger than outlying Wimmera towns.

The report also found the median rent was $270 a week for a house and $238 a week for a unit.

It showed 60 per cent of Horsham residents paid between $200 and $250 in rent a week.

Mr Sawyer backed the findings and said the city’s rental market was healthy.

‘‘The rental market is strong,’’ he said.

‘‘There’s always a lot of demand – houses don’t seem to stay vacant for long.’’

The report showed in the December 2014 quarter the historical average days to sell on the market in Horsham declined by 43.2 per cent, compared with the same quarter last year.

For units, it declined by 2.7 per cent.

PRD Nationwide Horsham principal Wes Davidson said average days on market had continued to decrease.

He said it highlighted a rising demand for property in the region.