June 15th, 2015

National MarketWatch June 2015

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NatMktWatchJune15

The latest residential housing figures from New Zealand’s largest real estate group, Harcourts shows written sales were up strongly across most of the country in May.

Most regions recorded increases in written sales volumes of between 22% and 40.8% last month, compared to May 2014. The only region recording a smaller increase was Christchurch at 3.0% compared to the same period last year.

Supply remains the biggest issue in most areas. While it is encouraging to see new listings in the Auckland/Northern region up 19% on May 2014, overall inventory is down 15.2% in the area compared to May 2014.

National MarketWatch June 2015

 

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