Ray White Now New Zealand - September Edition - Page 22

CONSIDERING SELLING ? WHAT IS REALLY INFLUENCING THE MARKET
As we saw during last year ’ s lockdown , restrictive conditions meant that property couldn ’ t be physically inspected or transacted , but it can be done remotely . Interestingly , when we entered level 4 restrictions in 2020 , the predictions came thick and fast , picking a dramatic downturn in the real estate market . But , what caught many commentators off-guard was that the exact opposite happened .
3,000
# Live Listings / 28 days
2,500 2,000 1,500 1,000
500
Mar Apr May Jun Jul Aug Sep Oct
2019 2020 2021
Source : Ray White Online Analytics
In fact , not only did prices remain stable , they surged , along with the volume of transactions . This may be why , this year , there have been few bold enough to make the same predictions that they did last year . What we did see is that the property that was listed during last year ’ s level 3 and 4 restrictions saw very concentrated enquiry from genuine buyers . When trading conditions allowed property inspections , the pent up demand saw sales numbers and prices surge .
3,000
# Sales / 28 days
2,500 2,000 1,500 1,000
500
Mar Apr May Jun Jul Aug Sep Oct
2019 2020 2021
Source : Ray White Online Analytics
When we look at the factors that contributed to the outcomes that we have seen over the last twelve months , we ask , how many of them still remain ?
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