Whilst Auckland continues to experience a flat property market, the rest of NZ keeps trucking on, although there are signs that the party may now be coming to a close. It’s been a very long party. As the rest of the country has tried to keep up with the Auckland market, the rest of New Zealand has managed to keep going long after Auckland ran out of energy and exited the party.

It’s quite staggering that the median price of properties sold outside of Auckland has been rising consistently for over 7 years straight, that’s 90 consecutive months of price increase. It was back in November 2011 that prices started to edge upward after the GFC and the likelihood that this run will head into its 9th straight year is high.

SALES VOLUME

The last 3 months has seen sales volumes across the country outside of Auckland fall by 6% as compared to the same time last year at just under 13,000 sales. On an annual moving total basis the picture as displayed in the chart below shows that sales volumes are coming off the boil at 54,539.

READ MORE VIA PROPERAZZI