June sales volumes showed a gradual increase over April and May. 

The sales numbers in the first three months of this financial year within Whangarei city is down approximately 50% on the same period last year. 

The listing numbers in the Whangarei District are well down on last year and this is causing strong demand amongst a larger than expected  bank of buyers .

The accumulated effect of low listing numbers and plenty of buyers is the prices remaining strong with the median sitting well above $500,000 where it has been since the start of 2020 .

First home buyers are plentiful but having to compete with investors, both local and out of town, who have come back in to the market and are wanting quality stock across the price ranges.    

While mortgage rates remain attractive the buyer bank will remain strong and continue to push prices until we see a lift in stock numbers or a change in market conditions towards the spring and the election.

Right now the mood in our market is one of confidence and demand is high.

If you are thinking of selling, now is a great time to talk to one of our sales people. They are keen to help with market information, appraisals, and discussing the marketing of your property.