• Browse All

    Tenanted Investments

    Industrial

    Office

    Retail

    Land

    Businesses

  • Browse Properties For Sale

    Sell With Us

    Request an Appraisal

    Our Sales Team

    Contact Us

  • Browse Properties For Lease

    Lease With Us

    Request an Appraisal

    Our Leasing Team

    Contact Us

  • Our Property Management Services

    Why NAI Harcourts?

    Request a Proposal

    Our Property Managers

    Contact Us

  • Browse Businesses For Sale

    Sell Your Business With Us

    Why Sell With NAI Harcourts?

    Contact Us

April 2022: Residential Market Eases Into the Winter Months

Harcourts Cooper & Co
Harcourts Cooper & Co

Residential sales activity slowed further in April as the market settled into its current rhythm.

Sales volume New Zealand-wide decreased annually by 35%. Auckland also saw a decrease in the activity of 41.3%. As did our local markets – the North Shore and North West – seeing a decrease of 43% and 36.5% respectively.

Although sales volume eased significantly, price growth remained moderate with the median sale price for the North Shore increasing 11.3% year-on-year and the North West seeing a median increase of 8.9%.

In April it’s not uncommon to see a drop in sales numbers coming off the back of March – one of the strongest months in the annual property market cycle. This is further accentuated by a number of public holiday weekends.

As properties remain on the market for longer, buyers are given more choice – resulting in prices easing and sales volume decreasing. The median days to sell in April for the North Shore increased by 9 days to 41. The North West saw an increase to 37 days, up 8 days from April 2021.

Share This Article

Share on facebook
Facebook
Share on linkedin
LinkedIn
Share on skype
Skype
Share on telegram
Telegram
Share on whatsapp
WhatsApp
Share on email
Email

You Might Like:

Read Our Magazines

Read our magazines featuring a range of commercial property and businesses for sale and lease around New Zealand, and insightful articles from industry experts.

Scroll to Top