The latest figures from the Real Estate Institute of New Zealand (REINZ) for February showed some positive signs across the New Zealand property market, with increases in sales counts and auction activity.

REINZ Acting Chief Executive Rowan Dixon says the data released today indicates growing stability in the market. As New Zealand transitions from the holiday period and returns to normal routines, the market looks optimistic.

There was good activity across all buyer groups in February, with no buyer group absent. Most vendors had realistic expectations regarding the asking price, while others were not accepting the current market conditions.

Read the full BOP Market Update report for more information.

Waikato’s median price decreased by 2.7% year-on-year to $730,000. Owner-occupiers, particularly those looking for a holiday home and to upsize, and first home buyers. Investors were notably present, and developer enquiries increased

Read the full Waikato Market Update report for more information.