We've reached our highest sales rate
The number of residential properties sold in April across New Zealand was the highest number of properties sold in an April month for 5 years with 7,218 properties sold, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.
For New Zealand excluding Auckland, it was the busiest April in 3 years with 4,627 properties sold.
Auckland saw the busiest April month in 5 years with 2,591 properties sold.
“Median house prices in Auckland reached a new record in April 2021 of $1,125,000, up 21.6% year-on-year and the third consecutive month of record prices. Sales volumes eased from the high levels we saw in March, down 34.7% month-on-month from 3,970 in March to 2,591 in April 2021. The decreased number of sales in April looks to be a result of investors slowing down, particularly as there was a strong presence in March as purchasers rushed to beat the new Government restrictions. First home buyers are still active in the market and looking to take advantage of the decreased number of attendees at open homes and auctions. However, properties are still selling quickly, with days to sell down to 31 – the lowest level of April days to sell for the region since records began. Auctions accounted for 48.1% of all properties sold in April, the highest for an April month since records began. April saw a noticeable increase in developers looking for land for new builds.”