Southland Property Surge: The Christmas Rush is On!
Southland’s property market is thriving, with the regional median price rising by 14.1% year-on-year to $485,000. Invercargill city continues to show strong activity, with a median house price of $465,000—up 10.7% year-on-year and 6.9% over the past three years.
Strong Regional Performance
Southland’s property market is thriving, with the regional median price rising by 14.1% year-on-year to $485,000. Invercargill city continues to show strong activity, with a median house price of $465,000—up 10.7% year-on-year and 6.9% over the past three years. In October, 104 properties were sold in Invercargill, with an average time to sell of 42 days, highlighting steady market activity.
Market Trends and Buyer Activity
At Professionals Invercargill, we’ve seen first-home buyers leading the charge, driven by declining interest rates and increased stock availability. Homes priced under $600,000 have attracted significant interest, showcasing the strong demand for quality properties in the region.
Spring Brings Renewed Energy
The spring season has brought renewed energy to the New Zealand property market, with national sales rising by 20% in October compared to last year. The national median price has also grown slightly to $795,000, while increased inventory has provided buyers with more options, helping them make confident decisions.
Outdoor Spaces Add Appeal
With the arrival of warmer weather, outdoor spaces naturally become more inviting and enjoyable. Sellers might consider refreshing their outdoor areas with touches like fresh landscaping, cozy seating, or mood lighting to highlight their home’s potential for summer entertaining. Buyers, too, often find this season a great time to envision how a property’s outdoor spaces could enhance their lifestyle during the sunnier months.
The Christmas Rush
As we approach Christmas, the property market sees a natural uptick in activity, with buyers and sellers eager to finalise transactions before the holiday season. With motivated buyers looking to settle in time for summer, now is an ideal time to make your move in a rising market.
We’re Here to Help
At Professionals Invercargill, we are proud to support our community through this period of growth. Whether you’re considering your options or ready to list your property, our experienced team is here to guide you every step of the way. Contact us today to make the most of this thriving market and achieve your property goals.