Business and consumer confidence is driving heightened activity this spring, which is already out performing previous years figures.<\/p>\n
October saw a significant rise with 14 new property listings. This is a 27% increase from the previous month (September). And an increase of 8% compared to October last year.<\/p>\n
The Central North Island recorded the biggest growth, up 39%. Followed closely by Nelson’s 34% increase, compared to last year.<\/p>\n
NZ median house asking price is $482,063. The main centres continue to break house asking price records. Hawkes Bay and the Coromandel has also seen asking prices rise steadily.<\/p>\n
The number of unsold homes on the market at the end of October is 38,577. This is an 11% decline compared to October 2012 with 43,410.<\/p>\n
It is still firmly a seller’s market with 16 of 19 regions in NZ showing inventory levels lower than average. The amount of homes for sale remains at the equivalent of 24.2 weeks of stock.<\/p>\n","protected":false},"excerpt":{"rendered":"
Business and consumer confidence is driving heightened activity this spring, which is already out performing previous years figures. October saw a significant rise with 14 new property listings. This is a 27% increase from the previous month (September). And an increase of 8% compared to October last year. The Central North Island recorded the biggest […]<\/p>\n","protected":false},"author":1116,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"HOUSING MARKET UPDATE (REALESTATE.CO.NZ) - colinrealestate","description":"Business and consumer confidence is driving heightened activity this spring, which is already out performing previous years figures. October saw a significant r"},"footnotes":""},"categories":[5532],"tags":[5533],"class_list":["post-518","post","type-post","status-publish","format-standard","hentry","category-real-estate-2","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/users\/1116"}],"replies":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=518"}],"version-history":[{"count":1,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/518\/revisions"}],"predecessor-version":[{"id":519,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/518\/revisions\/519"}],"wp:attachment":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}