The latest statistics from the Real Estate Institute of New Zealand have been released, showing the total number of properties sold nationally decreased by 1.1% compared to September 2023, down from 5,881 to 5,816.
Jenn Baird, REINZ CEO, commented ‘The signs across the country are largely of stability with slight decreases year-on-year, and the median price increase of 2.1% compared to August a slight improvement. Even though we are seeing another year-on-year decrease, this is in line with what we expect this time of year so the market is doing what we would expect.’
In the Bay of Plenty, there were 373 sales reported, a 10.4% increase year-on-year. The median sale price for the region was reported at $790,000, a -1.3% decrease year-on-year, but a 1.3% increase on the month prior.
Download our full Bay of Plenty Report HERE
In the Waikato, 571 sales were reported for September. The median sale price for the region was $760,000, a 1.6% increase year-on-year and a 2.7% increase month-on-month.
Download the full Waikato Report HERE
In Northland there were 139 sales across the region in September, with 111 sales in Whangarei District alone. The median days to sell for the region is 71 days, 9 days less than the same period last year.
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