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.

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.

December marked the end of a chaotic year for many, offering a welcome chance to relax and unwind. One thing that didn’t take a break over the festive season was New Zealand’s property market, which is arguably the hottest it’s ever been and shows little sign of slowing down.

The property market continued to hit record highs in November, with the highest number of residential properties being sold since 2006, according to the latest data from the Real Estate Institute of New Zealand (REINZ).

It has now been more than a month since the re-emergence of Covid-19 in our community and the subsequent lockdowns, giving plenty of time to assess its impact on the property market.

New Zealand’s property market remains relatively strong despite the recent movement of Covid-19 Alert Levels throughout the country, with a number of key property performance indicators holding their own in recent months.

Contrary to many economists’ predictions, most actual, key property market indicators are looking positive for sellers when you look at June sales data, with the number of sales throughout the country in June 2020 up 11% on the same month last year and house prices also trending upwards.

As we move well into the winter months, there is no doubt the property market has been affected by Covid-19 – as is the case with almost all sectors in New Zealand. It’s too early to make any definitive calls about the full effect of the virus while the market is still in recovery mode, however t..