Auckland’s Real Estate Market: A Look at the Latest Trends The latest report from the Real Estate Institute of New Zealand (REINZ) for the month of July 2023 shows that Auckland’s median prices decreased by 8.8% year-on-year, down to $990,0001. However, there are some strong indications that this trend may be changing. Auckland’s Real Estate Market Activity According to most local real estate salespeople, first…
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What Do People Mean When They Talk About “The Property Market”?
What Do People Mean When They Talk About “The Property Market”? The weather in February really hit the property market with historically low sales for the month, in fact the lowest number of sales in a February in over 25 years, and 38% down on last February! Of course the media has had a field day with these statistics, which brings me to: What do…