Today is Tuesday, 19 March 2024

Our Take on the Market

With the election now behind us, and now having adults back running the country, we are seeing an improvement in the confidence of the property market, with a steadying up of prices and the return of more buying activity from investors and families looking to make their next move. Auctions are attracting multiple bidders and open home activity is markedly up.
Auckland at 36 days, has its lowest Days to Sell, since January 2022. Prices have moved up a modest 3% from 3 moths ago but are still lower than 12 months ago and down from the peak prices still by nearly 20%. That said it looks very much like we are past the bottom of the market.
Much commentary is being made that first home buyers, who have been very active of late, need to make their move soon before the market changes make things even more difficult for them.
There is still some talk of a further small increase in the OCR but that remains to be seen.

At Total Focus Property, although we keep a good handle on what the market is doing, we just get on with the job and make sure we adapt our marketing strategy to suit the property, its location and target market.

Please feel free to contact me any time on 0274966966 to discuss your property needs.
Greg Roy AREINZ, Principal/Owner
TOTAL FOCUS PROPERTY LTD