Treena Drinnan Chief Agency Officer Ray White New Zealand
DATA INSIGHTS The Real Estate Institute of New Zealand ( REINZ ) further illustrates this positive shift :
• Nationally , property sales increased by 20 per cent year-on-year , with regions such as Nelson (+ 112.8 per cent ) and Marlborough (+ 29.5 per cent ) leading the way .
• Median house prices showed modest gains , with the national median up 0.7 per cent year-on-year to $ 795,000 and an increase of 1.9 per cent month-on-month .
• Listings continued to rise across most regions , and inventory levels climbed by 26 per cent , providing buyers with more choice and time to consider their options .
MARKET SENTIMENT
The potent mix of falling interest rates , increased inventory , and higher attendance at open homes is reflected in both Ray White ’ s network performance and the broader market . Sellers currently benefit from an increase in buyer activity , while buyers are taking advantage of competitive financing conditions .
A LOOK AHEAD
With the market exhibiting renewed confidence and encouraging sales activity , our teams anticipate a busy leadup to Christmas . Buyers and sellers currently have a window of opportunity to secure a property at today ’ s prices while benefitting from tomorrow ’ s lower mortgage lending rates . Whether you are a buyer , seller , or considering your options , our Ray White team members are on hand to provide expert guidance , better equipping you to seize your moment and make the most of current market conditions .
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