September 3rd, 2013

Christchurch Metro MarketWatch (September 2013, NZ)

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There was a massive 23.8% less property available overall to buy compared to August 2012. Despite this, written sales increased by 6.7%, indicating stock is moving quickly when it is listed. The median time to sell sits at 26 days.

Harcourts now lists 53% of Christchurch properties according to Trademe. The good news is our top agents have reported a surge in the number of appraisals being carried out, meaning we can expect to see an influx of stock to market as the warm spring weather sets in. This will be welcomed by those wishing to make a purchase.

Auctions in August accounted for 22.6% of total listings. Increasingly vendors are choosing this method of sale, understanding how the best prices are achieved in a competitive market.

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