The NZ property market when you factor out the influence of Auckland is most certainly active and not as yet showing a downturn. This is in marked contrast to the Auckland market where stagnation persists as it has done now for close on 3 years.

Whilst sales of property across the country are stable and undoubtedly down on the peak of activity a few years ago, the pace of the market is lively and as a result median sales prices continue an upward trend, closing the gap with the Auckland market.

Below is the fuller analysis with details of volume sales, median sales price and clearance rate to provide rich insight.

SALES VOLUME

In the past 12 months to June of this year, total sales of property outside of Auckland rose 2.3% as compared to June last year with a total of 54,348. This total is well up on the 10 year average of 47,000 indicating an active market. As the chart below shows the current level is down 15% on the peak of sales in the recent decade of August 2016.

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