The real estate market in New Zealand is an ever-changing landscape, with fluctuations in property prices, mortgage rates, and housing demand. If you are a property owner or buyer, it's essential you stay up to date with the latest trends and insights, in order to be able to make informed decisions, plan accordingly, and have realistic expectations when entering the market. In this article, we'll explore some of the best ways to keep up to date with the real estate market in New Zealand and how you can then apply this knowledge to your property transactions.

Follow Market Reports

One of the most accessible ways to stay up to date with the real estate market is by following market reports. Local newspapers, online news sites, and real estate magazines often feature articles and analysis on the latest property trends, market conditions, and industry insights. These sources can provide a wealth of information, including median prices, sales volumes, market projections, and expert opinions.

It's important to note, however, that not all sources of information are created equal. While the news and media can be a valuable resource for keeping up to date with the latest trends, it's important not to rely solely on sensationalized headlines or clickbait articles that may exaggerate changes in the market. Instead, it's best to focus on reliable sources of information supported by relevant statistics (for example, sales data from the Real Estate Institute of New Zealand) or with commentary from industry experts. This provides a more balanced and nuanced perspective on the market conditions,

Use Real Estate Websites and Apps

Real estate websites and apps are another valuable resource. These platforms can offer extensive information in the form of property listings, market data, and price history, which can help you track changes in your local neighbourhood or across the region. By using these tools, you can get a good sense of the types of properties available in your area, how much they are selling for, and how long they are sitting on the market for.

Attend Open Homes and Auctions

Attending open homes and auctions is an excellent way to keep your finger on the pulse of real estate. By attending these events, you can get a first-hand look at the properties available in your local area and see how they compare to others that are listed for sale. You can also get a sense of the level of interest in a particular property. This information can help you better understand the current climate of the market and the level of competition, which will better prepare you for making realistic offers or bids on a property. If you are selling your property, monitoring the progress and interest in other homes in the same area and price bracket as yours can help you gain an understanding of the buyer demand for your home.

Talk to an EVES Salesperson

Working with a real estate salesperson can be an effective way to stay up to date with the market and receive personalized advice on your specific needs and goals. Our EVES salespeople have access to extensive market data, insights, and industry trends, which can help you make informed decisions when buying or selling. They can also provide guidance on local market conditions, property values, and negotiation strategies. By working with a salesperson, you can get a better understanding of the market conditions in your local area and be better positioned to make a successful property transaction. Get in touch today: https://www.eves.co.nz/our-people