So, how is the market?
We are seeing an increase in market energy with strong activity from determined buyers. In short, the market is humming. It’s all over the media, and it’s certainly ringing true in the statistics as well. If you are thinking of selling, it’s the best it's been in years.

What is contributing to the increase in sales volume? The high sales volumes have reduced available listings and with multiple active buying segments, this is resulting in a strong demand for quality properties. Also, an increase in confidence in the housing market which has been underpinned by a relatively strong economy, good employment rates and the low interest rate environment.

Manukau’s statistics
In Manukau, volume is up, stock remained tight, prices up and days to sell stable.
The median sale price for Manukau increased by 4.3% over a one year period and if we look at this data over a five year period, this has increased by 6.8%.

Market highlights
Across NZ, Listing supply has increased to 3.2% compared to the same time last year making it the busiest Jnaury in 4 years. In Auckland, this number increased by 9.7% making it the highest number of residential properties sold in the month of January since January 2016.

In Auckland, median house prices increased by 8.7% to $875,000 – up from $805,000 at the same time last year.

In summary
An extremely positive start to 2020 with all factors pointing towards a busy year ahead.

These are the suburbs which have had the most dramatic price increases the Auckland over the past 18 months.

Milford topped the list while Te Atatu Peninsula, Te Atatu South, Manurewa, Papatoetoe and Glen Eden have all stormed into the top 20. Loan Market mortgage adviser Bruce Patten said he certainly wouldn't want to see us have another year at this level, otherwise we will be putting ourselves under significant risk that we are in a real bubble.

Peter Thompson, managing director of Barfoot & Thompson is quoted as saying ''...Don't overprice your property. People won't just keep paying high dollar, prices have levelled off. If people do want to sell they'll have to be in the market realistically and not looking to make that extra two or three hundred grand that some of them have over the last two to three months."

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11511704