MARKET DYNAMICS AND RAY WHITE NEW ZEALAND NETWORK PERFORMANCE
SALES PERFORMANCE DIGITAL ENGAGEMENT & ENQUIRIES
In April , the Ray White New Zealand network witnessed a notable uptick in sales activity , concluding the month with $ 1.217bn in released sales , marking a substantial increase compared to the same period last year .
INVENTORY EXPANSION
The number of properties sold surged by 25.10 per cent compared to 2023 , with a total of 1,227 released sales recorded .
Additionally , the total number of listings rose by 46.70 per cent year-on-year , reaching a new height of 6,790 , which reflects a robust expansion in inventory .
Digital engagement remained robust , with online enquiries experiencing a steady uptick of 5.94 per cent year-on-year .
The number of online users increased by 25.43 per cent compared to the previous year , underscoring the continued relevance and efficacy of digital channels in real estate transactions .
LOAN MARKET ACTIVITY
Loan pre-approvals submitted via Loan Market brokers soared to 1,086 for the month ending April 2024 , marking an impressive 82.83 per cent increase year-onyear , indicative of sustained interest and activity in the mortgage market .
LIVE LISTINGS This graph shows the total number of live listings on Ray White ’ s channels .
For the month ending April 2024 , our live listings count increased by 46.70 per cent when compared to the same period last year .
Source : Ray White Online Analytics
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Photo : 39 Maungakiekie Avenue , Greenlane Proudly marketed by Dean Tuffley , Ray White Mt Eden