After a comprehensive market update last week this one is short and sweet. We are about a month into the noticeable change in tune from the media and market commentators and this is slowly having an effect on buyer emotion. Every where you look the articles talk about the market turning, the bottom of the market, the top of interest rates, the immigration boom and slow down on new builds, The question is not if the market will rise again, but when, with predictions reigning from as early as post election, to the back end of Q1 next year.

Have a great weekend folks and stay dry! 

This Week’s Wrap

– The Short Story

– Listings & Stock Availability

– Auction Results

The Short Story 

Falling stock levels and a growing confidence in the market is continuing to spur activity at open homes. No real signs of FOMO reappearing yet on the North Shore but sounds like it is creeping in around other areas of Auckland. Clearance rates remain lumpy with no significant signs of change.

Listings & Stock Availability
Ditto from last week – Still falling, and we expect this to carry on falling throughout winter.

North Shore Stock Levels:

1251 on oneroof.co.nz – Last week 1264
1173 on TradeMe.co.nz –  Last week 1206
1174 on realestate.co.nz – Last week 1209

Auction Results
As above no significant signs of change just yet. 

North Shore:

Last week: 38%
Past 2 weeks: 37%

4 Week Avg: 35%
12 Week Avg: 36%

Ray White: 

Past 2 weeks: 65%

Active Auctions: 73.2%

Average bidders: 3.1

Please note the North Shore data is made up of the combined public results from Harcourts & Barfoot Thompson North Shore

That’s it from me, remember if you ever have any questions please just give me a call.

Have a great weekend! 

Kris Cunningham & Team are all Licensed Sales People under the REAA 2008

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JUST LISTED

8 Sunderland Avenue, Hobsonville

Truly an Honour

Auction: In Rooms, Sunday 25th June at 3pm (Unless Sold Prior)

VIEW MORE HERE

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Kris Cunningham & Co.