Jan 19, 2012

Strong Finish for Real Estate Sales in December 2011

The Real Estate Institute of New Zealand has just released the statistics for December and it is looking positive for Auckland. We had 5,316 unconditional sales for the month, up 919 sales (+20.1%) compared to December last year. That is the best December result since 2007. Auckland also recorded its strongest December sales volumes since 2006.

The national median ‘days to sell’ remained steady at 35 days in December, and is a four day improvement on the 39 days recorded in December 2010. In Auckland it took an average of 31 days to sell.
REINZ Chief Executive Helen O’Sullivan said, “December has been a strong month for real estate sales in New Zealand, with this being the strongest level of transaction figures in December since 2007, and Auckland having its strongest December since 2006.”

The graph below makes interesting viewing and shows our slow climb back with a few bumps along the way.
Source REINZ News Release: www.reinz.co.nz