Spring brings renewed momentum
Spring has energised New Zealand ’ s property market , and October saw remarkable activity across the Ray White network , underscoring a more dynamic phase of the real estate cycle .
PERFORMANCE HIGHLIGHTS
• Sales Volume : Ray White completed 1,413 sales in October , a 30 per cent increase year-on-year and an 18 per cent lift from September .
• Sales Value : The total sales value reached $ 1.33 billion , up nearly 26 per cent from October 2023 , and 20 per cent higher than September .
• Auctions : With 636 scheduled auctions , activity rose 33 per cent , averaging 2.7 registered and 2.2 active bidders per auctioned property .
• Live Listings : Listings increased by nearly 24 per cent year-on-year , while listings on the market grew more than 33 per cent compared to October 2023 .
• Digital Engagement : Enquiries on Ray White ’ s listings grew by more than eight per cent year-on-year , with online user numbers were up nearly 10 per cent .
• Loan Pre-Approvals : A total of 1,319 pre-approvals were issued , a notable 59 per cent increase compared to the same time last year .
This sustained growth highlights an engaged market with buyers and sellers leveraging the opportunities that spring traditionally offers .
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