Ray White Now

 

Dear Wellington Property Owner,

As we enter the first week of October the supply and demand for property continues its momentum from the highs of September. The Ray White Group in New Zealand completed a record result with property sales of $1.338 billion. This was the third month in a row that previous records have been broken based on value.

When we look at the numbers; sales increased by 83 per cent in value and this is attributed to both the increase in sales prices and the number of sales. In the area of supply, our listings continue to gather momentum with 2,020 properties offered by Ray White members which was 22 per cent up on 2019.

Our real-time data shows a similar position over the past week with sales continuing to increase, being 48.7 per cent ahead in numbers at a level of 1,737 live listings. There is a disparity in the supply of new listings coming to the market which are currently up 21.5 per cent with live listings showing at 2,056.

This means that there is a continual supply of property coming to the market, but the demand continues to increase, and this is placing pressure on prices.

Right now is the time for us to talk about the value of your Wellington home, contact us anytime halina@wellingtonresidential.co.nz or call 0212263917

05 October 2020

Right now is the time for us to talk about the value of your Wellington home, contact us anytime halina@wellingtonresidential.co.nz or call 0212263917