The July 2024 REINZ Property Report has been released, showing some positive increases to sales and listing numbers nationally. The total number of properties sold in New Zealand increased by 14.5% year-on-year, from 5,070 to 5,806, and by 19.7% compared to June 2024, from 4,851 to 5,806.
REINZ Chief Executive Jen Baird commented ‘Although we have not yet reached the spring season, we are observing early signs of growth in the market not typically associated with this time of year… which reflects a market performing above anticipated levels.’
Bay of Plenty
The median sale price for the Bay of Plenty in July 2024 was $800,000, the same as July 2023, but a 2% increase on June 2024. There were 363 sales reported for the region, a -5.7% decrease year-on-year.
Download the full Bay of Plenty Market Update
Waikato
There were 553 sales recorded in the Waikato in July, an 18.4% increase year-on-year. The median sale price for the region was $725,000, the same as July 2023, but a 3.4% increase month-on-month.
Download the full Waikato Market Update
Northland
The Northland region reported 166 sales for July 2024, a 7.7% increase year-on-year. The median sale price for the region was reported at $630,000.m a -6.3% decrease year-on-year.
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