YOUR HOUSE
REINZ’s May data shows more listings and properties selling more quickly than a year ago. These increases contrast with challenges in securing finance, changes in the job market, and the wait on OCR and interest rate to come down.
The total number of properties sold in May rose 8 per cent compared to April, from 5,834 to 6,303, and by 6.8 per cent year-on-year, from 5,903 to 6,303. Gisborne was up by 112 per cent year-on-year, and 11 of the 16 regions had increases in sales count month-onmonth and year-on-year.
Nationally, seasonally adjusted figures show a 5.2 per cent increase, indicating that year-on-year sales counts performed slightly above expectations.
Listings increased nationally by 25.4 per cent year-on-year from 7,359 to 9,225, continuing a trend since the start of the year. Twelve of the 16 regions
