April 2022 Stats

The March market statistics reflect that demand has weakened and sales counts are down, however, property prices remain high. Although there has been a slowdown in activity, there is more stock, and it’s staying on the market for longer. Sales at Auctions have reflected a fall compared to April 2021; however, Auctions still create the perfect environment to establish the market price at a given point in time.

March 2022 Stats

March 2022 saw the median house price increase for yet another month, both year-on-year and month-on-month, while the volume sold was down year-on-year, and up 17.7% from last month.
1,333 properties were sold by auction in March, falling from 33.5% of sales in March 2021, to 19.7% in March this year.

February 2022 Stats

Uncertainty is still the general feeling across the market this month, with lasting impacts from COVID-19 affecting numbers through open homes and at auctions. Recent legislation changes have also had an effect on what buyers are able to borrow, and there is now a fear of over-paying due to the changes in market dynamics. Vendors, however, are still maintaining their price expectations so we are seeing more negotiating around price, especially in the auction room, to make the sale.

January 2022 Stats

As we look back at January’s figures, we see a definite decrease in market activity across Northland, as well as the rest of the country. It’s clear that many prioritised making the most of the summer holidays which has had an effect on the property market, and although it was weaker than a typical January, it was not unexpected.

December 2021 Stats

The new year is here and we are all back on board after a much-needed break. We’re looking forward to a positive 2022, despite ongoing uncertainty surrounding COVID-19. The property market remained strong right up until the very end of 2021, and with multiple changes happening with lending criteria and interest rates, among other
things — the next few months should be interesting to watch.

November 2021 Stats

It’s that time again when we reflect back on the year, and what wild ride it has been. Despite all the uncertainty and chaos with COVID, the one constant was the housing market growing stronger than ever. We’ve sold sight unseen, via zoom and all masked up, but enjoyed every minute of it. From our Harcourts family to yours, we want to wish you a very merry Christmas, and a safe and happy New Year.

October 2021 Stats

The property market rebounded in October following a September dip as activity increased and prices remained strong. House values continued to rise with October being the fifteenth consecutive month where we saw a new high in the REINZ House Price Index with no change in the demand vs supply imbalance.

September 2021 Stats

With Auckland remaining at a higher alert level, there has been an increase in out-of-town enquiries from Aucklanders looking to move out of the city. Over the next couple of months, as demand continues to outweigh supply, prices are expected to continue to rise with buyer activity picking up as we head into the warmer months.

August 2021 Stats

In August we saw the median house price increase again, to $650,00, and stock levels decrease, illustrating the ongoing excess of demand of supply. Auctions have dominated in the digital space during the lockdown, breaking records for the highest number of properties sold by auction in an August month since records began. We’re also expecting to see the spring sales activity to be stronger this year with vendors preparing to list their properties as Alert Levels continue to drop.