Spring brought a wave of real estate activity and optimism with total properties sold nationally increasing by 20.0% compared to October 2023. Sales for New Zealand, excluding Auckland, rose 22.7% year-on-year, with notable increases in Nelson (+112.8%) and Marlborough (+29.5%).The national median price increased by 0.7% year-on-year, from $789,500 to $795,000; month-on-month, it increased by 1.9%, from $780,000. Excluding Auckland, the median price rose 2.9% year-on-year from $690,000 to $710,000 and increased 2.2% from $695,000 compared to October 2024.

 (Scroll to view your region and days on market). 

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Find out how much it costs to sell a house here

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HOW LONG DOES IT TAKE TO SELL A PROPERTY?

Nationally, median Days to Sell sat at 42 in October 2024, down from 49 in September.

Methods of sale have changed overall with auctions less favoured and pricing becoming more popular. However, these are property dependent and should be tailored to values, locations and property types.  While fewer properties are selling under the hammer, many do sell within days afterwards if the price is right. Auctions can get buyers to act more quickly which is often needed.

Current market conditions, with ample stock, continue to amplify the importance of choosing a highly competent real estate agent with strong negotiation skills, rather than settling for an average one.

If contemplating selling a residential property, a farm or lifestyle block and wanting assurance that your real estate agent has been proven competent, request a list of vetted real estate agents - it's a free service for New Zealand vendors selling all property types.

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Get in touch or call 0800 789 532 or find out more first - we're here to help.

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These charts are best viewed on desktop, tablet or laptop. Continue scrolling to compare month by month changes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page updated September 21, 2024 by Trish Willis | Member of the Property Institute of NZ (IPAC) 

Agent Finder NZ Awards:

• Independent Real Estate Advisor of the Year 2023 (Property Institute of NZ)
• Best Estate Agent Vetting Service New Zealand 2018 (APAC)
• Most Reputable Property Advice Hub NZ 2020 for Wise Up NZ (APAC)
• Best Property Advice Hub - New Zealand 2021 (APAC)
• Best Independent Real Estate Advisors New Zealand 2022 - BUILD Real Estate & Property Awards (International)