September sales statistics just arrived in...
Still no surprises as the New Zealand property market is in a ‘wait and see’ mode overall, as negotiations take place in earnest to determine the shape of the government for the next parliamentary term.
Statistics are in for September and show the number of listings have fallen by 11.8% nationally and 14% for Auckland compared to the same time last year.
There has been little movement in the average asking price across the country, which is sitting at $617,971 nationally.
The number of days for a home to sell in Auckland is up 3 days to 37 days on the market.
There are 31.5% less sales in Auckland compared with the same time last year.
There has also been little movement in the average asking price across the country, which is sitting at $617,971 nationally and $835,000 for Manukau.
Prices have generally remained static, with only the Southland, Northland and Marlborough regions registering significant increases in asking prices when compared to last month.
Sellers are tending to be realistic in the current environment and we are seeing strong turn outs to open homes and auctions alike.
I personally can attest to strong interest at open homes and auctions. In September one of my properties sold conditionally within three days of entering the market, had several groups through the open home and received multiple offers, Another property was on the market for just 21 days, had 20 groups through the open homes and four registered bidders on day of auction.
If you're thinking, "Should I, shouldn't I?" now is the time to give me a call. The Summer Selling Season will be here before you know it and strong demand with exceptional marketing will ensure we get you where you want to be.