As we move into winter, the real estate market is starting to show a few encouraging signs. While we’re not back in boom territory, there is a noticeable lift in buyer activity, and the numbers from REINZ for May support what many of us are feeling on the ground.
National sales volumes are up 8.9 percent compared to the same time last year, and more people are coming through open homes. But this is not a rush market. It’s thoughtful. Buyers are taking their time, and that’s actually a healthy sign.
Prices are holding reasonably steady across most regions. The national median sits at $763,000, with Auckland down slightly to $975,000. Inventory has increased too, which means more choice for buyers, but we’re also seeing a slight drop in new listings in some areas. This tells me sellers are watching carefully, waiting to make their move at the right time.
Properties are also taking a bit longer to sell, now averaging 47 days on market. It reflects a shift in mindset. Buyers are more selective, which makes it all the more important for homes to be presented well and priced smartly.
One region that continues to outperform is Southland, topping the House Price Index for the 11th month in a row. It’s a great reminder that real estate trends aren’t one-size-fits-all — every region has its own rhythm.
If you’re currently looking or preparing to sell, now is a good time to make strategic moves rather than rushed ones. And if you’re house-hunting in Auckland’s Eastern Bays, I’ve got a lovely new listing launching soon:
Coming Soon: 1/142 Riddell Road, Glendowie
3 bedrooms, 2.5 bathrooms (including ensuite), and a double garage in a fantastic neighbourhood.
Get in touch if you’d like early details or to arrange a preview viewing.
By Donna Watts
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