Is the spring rush coming to Auckland?
Bayleys national residential manager Daniel Coulson reports that while the rush to bring properties to sale during the month of spring has long been a feature of Auckland’s residential real estate landscape, recent figures have revealed a sluggishness in the market.
According to the Real Estate Institute of New Zealand, Auckland's median house price and sales volumes for September were down on the month before and the number of new listings dipped compared to the same period last year.
The bad weather Auckland suffered at the start of spring and during much of the school holidays will have delayed many vendors’ plans to list their properties by several weeks. It will have also put buyers off from attending open homes.
But now that Auckland is starting to enjoy some sunshine and warmth, we are going to see significant increases in the number of properties coming onto the market for sale over the coming weeks, with November and December set to be strong listing months.
The spring delay could extend buyer interest into the normally quieter months of January and February.
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