CONFIDENCE CONTINUES TO GROW IN NZ
Posted on May 10, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Confidence is returning to the housing market. The recent REINZ release of the March residential statistics shows a 25 per cent increase in the volume of sales, and a reduction in the number of days between listing to contract date.
Buyers are viewed to be more strongly motivated than sellers in all parts of Auckland and Christchurch. However, in Wellington and Northland it is the sellers who are more motivated. Prices are not perceived to be rising everywhere with weakness viewed in Waikato and Northland, and generally flat-price change perceptions evident in Hawkes Bay, Hamilton City, Otago and Manawatu-Wanganui.
Filed under: REAL ESTATE | Tagged: Real Estate