Posts Tagged ‘canterbury’

August 2023 Market News

Wednesday, September 13th, 2023

Trends we are noticing are:

  • Overall decrease in median days to sell.
  • Strong demand for entry-level property.

“We’ve seen steady activity this month with increased sales counts both compared to August 2022 and July 2023. The lift in market activity …

July 2023 Market News

Tuesday, August 15th, 2023

Trends we are noticing are:

  • Sales counts in many parts of the country are increasing.
  • Strong demand from buyers out ahead of this year’s election.

REINZ Chief Executive Jen Baird says July tends to be a slower month for the …

June 2023 Market News

Tuesday, July 18th, 2023

Trends we are noticing are:

  • Notable increase in sales compared to June 2022
  • First home buyer activity increasing

“Compared to June 2022, this month has shown a notable increase in sales. The total number of properties sold across New Zealand …

May 2023 Market News

Wednesday, June 14th, 2023

Trends we are noticing are:

  • First home buyers are returning to the market
  • Motivated sellers are meeting the market

“Easing of loan-to-value restrictions, commentary around peak inflation and a renewed confidence is seeing more first home buyers seek out opportunities”…

April 2023 Market News

Wednesday, May 10th, 2023

Trends we are noticing are:

  • Buyers are returning to the market
  • Motivated sellers are meeting the market

“Salespeople across the country are reporting glimpses of green shoots in the market this month as first home buyers show more interest after …

March 2023 Market News

Monday, April 17th, 2023

Trends we are noticing are:

  • Owner occupiers are using this market to buy and sell simultaneously
  • Motivated sellers are meeting the market

“Across Timaru, Ashburton, and Christchurch owner occupiers were most active. Attendance at open homes picked up for properties …

February 2023 Market News

Monday, March 13th, 2023

Trends we are noticing are:

  • Sellers meeting the market
  • Buyers are taking more time
  • Properties on the market for longer

“Even though new listings are down as communities respond to the weather and the anticipation of economic adjustments ahead, inventory …

January 2023 Market News

Tuesday, February 14th, 2023

Trends we are noticing are:

  • More owner occupiers than investors
  • Properties are staying on the market for longer
  • More negotiation happening

“January 2023 figures show house prices have declined but at a slower rate than seen previously.”

“High interest rates, …

December Market News

Wednesday, January 18th, 2023

Trends we are noticing are:

  • Most sellers are meeting the market
  • Properties are staying on the market for longer
  • Buyers are taking their time

“Prices continue to ease but the pace of the decline is slower, and the market has …

November Market News

Monday, December 12th, 2022

Trends we are noticing are:

  • Uncertainty in the markets from both sellers and buyers
  • Further rate and inflation increases predicted
  • Buyers remain hesitant

“When looking at the November figures, we’re comparing a market at its peak with one that has …