- Sales volumes across the country have continued to decline – in Auckland they are down 33.2% for the year to June and nationally they’re down 24.7% for the same period. The regions that experienced increased volume this month were Tasman (which saw an increase of 25%) and the West Coast (a 3% increase year-on-year).
“We know that its winter and the election is just two months away now which typically impacts the number of properties sold in the market. The number of properties sold across the country is the lowest we’ve seen in the month of June for three years now – particularly in the $500,000 and under property price bracket,” says Norwell.
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SOURCE: REINZ