Our sales results for May bring more positive news for all New Zealand property owners.
While many are feeling a degree of uncertainty about the real estate market in the broader community for the month of May, Ray White New Zealand sold 1,089 properties valued at NZ$843 million. This is a remarkable number given it is 76% of the sales that were completed in 2019.
Prices remain strong and well in line with those achieved in 2019, and in some markets they are stronger. Strong buyer activity is best evidenced by the fact the average registered bidders per auction was 3.6 in May, up 1.5 on last year.
It seems that more customers are recognising these fundamentals and that now is a good time to come to the market, as new listings started to build in the latter part of May.
