This month saw a significant decrease in overall sales in the Auckland Region (down 614 from last month).  The Waitakere area is slightly better with a drop of only 28 from last month.

When we compare median house price figures to last year, we find that Auckland has had a drop of 15% from the same time last year.  Waitakere saw a drop of 18.6%.  Both reigons had a drop in sales counts as well.

It’s not all bad news though!!  We are still seeing better prices than were at the start of Covid and the stability in the market will create a better opportunity for people wanting to buy and sell in the same market.

There is definite talk in the industry that we are now very close if not at the bottom of the market.  If you’re looking to purchase your first home and have been waiting, now is the time to do it!

Remember we won’t know we’ve hit the bottom of the market till prices start going up again and by that time, the bottom will be long gone.