Real estate property report May 2018

We are entering the winter period and typically the market starts to go quiet, but people still buy and sell property. The winter months are typically slower with less volume than the summer months, which gives buyers and sellers more time to consider opportunities.

Recent research conducted by realestate.co.nz finds that more buyers than sellers intending to be active in the New Zealand property market in the next 12 months. Real time statistics from realestate.co.nz show the current market nationally is relatively stable.

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The Auckland region pulled down the overall national number of new listings with a 4.4% fall compared with the same period last year, but this was balanced by a lift in new listings in 13 of the 19 regions.

The average asking price for a New Zealand home is $648,218 representing a 0.4% decrease on April 2018.
Source