REINZ shows property sales nationally and also for Auckland increased in Jan
Sales volumes across New Zealand rose in January when compared to the same time last year, which is the first time in 19 months, new data from REINZ shows.
The number of properties sold in New Zealand during January 2018 increased by 2.7% when compared to January 2017 (4,366 up from 4,251). The number of properties sold in Auckland increased 0.9% year-on-year to 1,157 up from 1,147.
Regions with the biggest increase in sales count year-on-year were:
- Nelson – up 27.9% (78 compared to 61 in January 2017)
- Canterbury – up 18.1% (607 compared to 514 in January 2017)
- Tasman – 15.8% (44 compared to 38 in January 2017)
- Gisborne – up 12.5% (36 compared to 32 in January 2017).
REINZ chief executive Bindi Norwell said: “January can often be a quiet month for the industry as people spend much of their time at the beach or the bach.
“However, clearly the warmer weather has helped sales, as it’s the first time we’ve seen a positive year-on-year sales increase in seven months.
“There were some really positive figures from around the country, with 11 out of 16 regions experiencing an increase in sales when compared to the same time last year.
“Additionally, Gisborne saw the highest number of properties sold in the month of January since January 2007,” Norwell added.
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