This week, real-time data shows a slight increase in sales across New Zealand, while listings are slightly down. Despite tight supply and demand, buyers still have options, with properties spending less time on the market.

In June, Ray White New Zealand saw a 12.3% increase in sales and a 31% rise in new properties listed, reflecting our effective marketing strategies and increased buyer confidence, supported by low interest rates enhancing home affordability.

High buyer activity, driven by auctions and strong indicators like open home attendees and pre-approved buyers, is fueling multiple offers and an upward market trend compared to last year.

Indicators like open home attendees, registered auction bidders, pre-approved homebuyers, and more sellers highlight strong reasons for the continued positivity in the real estate market.

Recent data from One Roof and Valocity reveals that New Zealand property prices have only fallen 1% since late March, despite significant price stagnation earlier.

In the past seven days, we marketed 351 properties through auction, tender, and exclusive listings, with strong buyer interest and consistent auction bidding.

Our sales team in New Zealand transacts over 15,000 properties annually and manages a rental portfolio of over 18,000 properties, totaling over $23 billion in combined assets.

The current real estate market raises questions about timing in transactions; while speculative reporting exists, it is crucial to focus on accurate, real-time information to guide decision-making.

Our overall numbers signify increasing sales with a lowering inventory level. Providing confidence to our clients who are considering selling remains a challenge.

We have successfully adapted our processes in order to continue to safely fulfill the needs of our customers in the current environment.