Wondering Whats Happening in the market ?
For those of you wondering how the current property market is, here are the Key insights from the Real Estate NZ property report for MAY:
All-time average asking price highs in seven regions suggests that most vendors are still expecting high prices for their properties post lockdown.
Nationally 8,324 new property listings hit the market in May, down 12.0% compared to the same time last year.
Total housing stock decreased by 19.1% on May 2019 to 20,940 homes available on the market.
“May 2020 saw 1.2 million users visit www.realestate.co.nz... conducting over 9.1 million property searches, surpassing the 1.1 million users that visited the site in February 2020. Plus, we also saw the average session duration up last month by 30.0% to 8:29 minutes - two minutes higher than in February,” says Vanessa Taylor, spokesperson for realestate.co.nz.
So.... with buyers searching for new homes, and a limited amount of stock for them to choose from, if you have been thinking about downsizing your rental investment portfolio to free up some cash now could be a good time!
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
Poll: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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91.4% Yes
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8.2% No
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0.4% Other - I'll share below!
Real Estate
If you've been considering selling your home, now is a great time to get started! Request your FREE Sales Price Estimate today, just click the link below! Want to know how much your home is worth? Find out now! homeasap.com...
#sellers #sellmyhouse #homevalue
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