Real-time statistics from realestate.co.nz show the lift in July’s national average asking price for a home (up 1.6% to $669,941) was dominated by the provincial regions.
The site saw all-time asking price highs in the Taranaki, Otago, Southland and Hawke’s Bay regions since records began in 2007.
“We are a long way from the peak of the heated property market when it was all about the Auckland region,” says realestate.co.nz spokesperson Vanessa Taylor.
“However, we can’t ignore the fact that the Auckland region is our biggest market and with the average asking price lifting for the second month in a row, we’ll be watching with interest to see what happens during the rest of this quarter,” she says.
In July, the Auckland region’s average asking price was up 1.5% compared to June 2019, lifting to $928,152.
“That’s still some way off the region’s 2019 peak average asking price of $960,715 in February, which is traditionally an active property month,” says Vanessa.
READ MORE VIA REALESTATE.CO.NZ