Kiwis see record listing activity
Atom Go Tian Senior Data Analyst Ray White Group
New Zealand’ s housing market delivered a measured performance this October, with the national median house price rising 1.80 per cent to $ 786,000 from September’ s $ 772,500. While this continues the familiar seasonal‘-ber’ month appreciation pattern, the month’ s most significant development occurred on the supply side.
The 12-month rolling count of listings reached 111,580 properties in October, the highest level since the pandemic peak in May 2021, when listings hit 109,956. This marks a decisive shift in market dynamics, with inventory climbing steadily from its post-correction low of 89,207 in September 2023.
Source: REINZ, Ray White Economics
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