We have seen a noticeable increase in new listing activity, allowing purchasers to come into the market with confidence of choice. This has added to the overall portfolio of properties available on the market. When we look at the year-on-year comparison taken back five years from data provided by realestate.co.nz it brings the level of stock into perspective which shows in February 2021 a remarkably low level of stock of 15,829 homes wherein February 2022 this has increased to 23,270 properties. When looking back over the previous five years this is still a low number where it is considered that stock availability levels of approximately 30,000 to 35,000 are where balance is found in the marketplace. While we are some way away from this level currently, the year-on-year increase of available homes to buyers increases the competitive nature within the house selling environment and this does provide for better value opportunities.
