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The New Zealand property market proved its strength in August, despite lockdown impacting sales and listing processes nationwide. The national median house price rose 25.5% compared to August 2020, to reach a record $850,000, according to the latest data from the Real Estate Institute of New Zealand..

House prices are continuing their upward trend well into 2021, with median national house values increasing by 28.7% to reach $820,000 in June and five regions reaching record highs, according to the latest data from the Real Estate Institute of New Zealand (REINZ).

“Professionals agents around the ..

The property market is holding strong throughout a traditionally slower time of year for real estate, with record median prices across four regions including Auckland and the number of days to sell remaining low. In fact, Professionals offices across the country have seen the number of sellers drop ..

Housing policy changes announced in recent months appear to have had a minor cooling effect on New Zealand’s property market in April, with a slight dip in sales numbers compared to the month prior. However, median values continue to grow year-on-year and the number of sales nationwide was the highe..

March was another interesting month in the property market, with record highs continuing on all fronts – including median price, number of homes sold and days to sell.

The property market continued on what has been dubbed its “unrelenting pace” in the second month of 2021, with the number of homes sold almost reaching 8,000 – making it the busiest February for sales volumes since 2007. Auckland alone achieved 50% more sales than the same month last year.

January was an interesting month for New Zealand’s property market, with median house prices continuing to break records and the number of listings remaining high during what is traditionally a slower time of year in real estate; but still not meeting demand.

Before you consider listing your property on the market, it’s important to ensure your expectations align with current market conditions so you don’t accept less than what your home is worth, or be disappointed by any offers.

As has been well-publicised in recent months, New Zealand’s property market exceeded nearly everyone’s expectations in 2020 – particularly in light of Covid-19.