The August 2024 statistics from the Real Estate Institute of New Zealand have been released, showing signs of increased confidence, optimism and activity in the market compared to the same period last year. While the nationwide sales volume declined slightly, several regions reported notable increases in activity, and year-on-year listing numbers continue to rise.
Bay of Plenty
There were 388 sales in the Bay of Plenty in August, a 16.2% increase in sales volume year-on-year. The median sale price for the region was reported at $780,000, a -3.1% decrease year on year, but a slight 1.3% improvement on the month prior. The median days to sell for the region now sits at 58, four days longer than August 2023.
Download the full Bay of Plenty Market Update
Waikato
Waikato’s median sales price decreased by -0.7% year-on-year to $730,000. There were 571 sales reported for the region in August, a 2.9% increase on August 2023. Notably Hamilton has seen a significant 28.1% increase in sales volume year-on-year, with 264 sales reported last month.
Download the full Waikato Market Update
Northland
The median price for Northland decreased 6.1% year-on-year to $629,000. The median days to sell for the region now sits at 71, 10 days longer than the same period last year.
In Whangarei District, 125 sales were reported, a 43.6% increase in sales volume year-on-year.
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