The latest statistics from the Real Estate Institute of New Zealand have been released. Jen Baird, REINZ CEO, has commented on the wave of positivity in the market as we hit the peak of Spring; “There seems to be light at the end of the tunnel. Although challenges like the cost of living remain, positive signs are emerging. Falling interest rates, increased inventory in the market, and greater activity during open home events are all reflected in the data for October.”

Bay of Plenty

In the Bay of Plenty, there was a 26.8% increase in sales year-on-year, with 421 sales reported for the region in October. Download the BOP Market Update report for more information.

Waikato 

Waikato saw 688 sales during October, a 23% increase in sales volume year-on-year. Owner occupiers, first home buyers and investors were all active buyer groups. Download the Waikato Market Update report for more information: 

Northland 

There were 185 sales reported in Northland during October, a 15.6% increase year-on-year. Local salespeople reported increased attendance at open homes for properties priced to meet current conditions. Download the Whangarei Market Update report for more information.