Christchurch, Canterbury Property Market Report May 2020
Canterbury’s annual median house prices are at $465,000, a 3.3% rise from the previous month, being significantly lower than the National average of $680,000, which is up 17.2%. Overall the market remains steady.
Compared to April 2019
- Median Price up 3.3%
- Sales Count down 76.2%
- Days to Sell decreased 1 day
Compared to March 2020
- Median Price down 4.9%
- 2.1% Sales Count down 79.9%
- Days to Sell increased 7 days.
Although it is still apparent that the number of listings is lower than usual, there are good levels of activity beginning to happen in the market coming out of lock down which is a positive sign. With interest levels at an all time low, now is a smart time to buy and sell. Our office is open and we are up and running.
*Information from the Real Estate Institute of New Zealand (REINZ)
Under level 2 we are now able to resume open homes, viewings and property appraisals
Please contact our property sales team below if we can help: