Winter chill on listing numbers
PROPERTIES FOR SALE
The Wellington region has had the lowest number of homes available for sale across the whole country.
From REINZ -"The number of properties available for sale nationally decreased by 3.8% from 23,507 to 22,605 – a decrease of 902 properties compared to 12 months ago. This is the lowest level for 9 months (since September 2017)."
LETS COMPARE TO JUNE 2017
Sales Count down 10.6%
AND Median Price is up 12.3%
WHAT DOES THIS MEAN?
CONTINUED STRONG DEMAND
MORE buyers and LESS homes to buy.
WHO IS BUYING IN WELLINGTON?
According to the report released in April from Realestate.co.nz - "Wellingtonians lead the online search for property in their region, followed by Aucklanders and Cantabrians.
The region is also attracting attention from offshore, with the next largest group searching for Wellington property originating from New South Wales."
WHEN SHOULD I SELL?
Our latest tender saw 29 offers presented - so when it comes to making decisions on your home or property - talk to us we are here to provide the best market knowledge so you can get the best result!