Did you know that there were just under 7 sales per day during the month of February 2020? This equates to a total of 197 sales for the month, compare this to February 2019 where we had an average of 7.5 sales per day or 210 for the month.
Our median is $520,000, this is a 23.8% increase on February 2019’s median figure of $420,000. If we were to take a snapshot in time from 3 years ago (February 2017) we are currently 48.6% ahead of what was the median then of $350,000.
Days to sell are 21, slightly varied from 23 in 2019.
As of today, there are 310 properties currently displayed on realestate.co.nz and out of this 41 are sections. This shows that at present there is only just over 1 month's supply of homes, with plenty of buyers available.