Property Market Update 2024 The Auckland real estate market has shown positive signs as we enter 2024. The year-on-year data reveals a promising picture, with the median house price increasing by 1.1% to reach $1,050,000, the volume of sales rising by 7.6% to 1,478, and the days on the market decreasing by 2 days to 37. These statistics indicate a steady but cautious optimism within…
Posts Taggedmarket update
Property Market Update – October 2023
Property Market Update – October 2023 While a new government goes through the process of “finalising” its make-up and direction for the next three years (and possibly more), the real estate market continues to show signs of strengthening. In summary, the growth is positive but measured. The REINZ reports that October saw steady activity and although overall sales numbers suffered a slight decrease in volume…
Property Market Update For June 2023
Property Market Update For June 2023 The Real Estate Institute of New Zealand (REINZ) has released its June 2023 report, which shows a renewed level of activity in the New Zealand property market. Compared to June 2022, June 2023 has seen a notable increase in sales, with a total of 5,629 properties sold across New Zealand, up 14.6% year-on-year. This increase in sales is particularly…
Property Market Update May 2023
Property Market Update May 2023 Here we are well into another winter of real estate, and once again the market remains ‘low and slow’. However, we feel confident that the market is close to having bottomed out. There are several reasons for this: Mortgage rates are reasonably stable now and likely to remain so Low numbers of listings (properties coming to the market) and likely…