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PHOTO: Ray White NZ.

Ray White New Zealand recorded sales that were 4% up on February 2017 and up considerably on January 2018. The result saw the company sell 978 properties, with a total value of close to $600 million.

Much of the activity for the month was centred on new listings, which increased 7% and the company being entrusted to sell 1,861 properties exclusively. While the number of properties coming onto the market is not unexpected, the level of sales indicate that there will be a good supply of property available to purchasers and March will continue to see new listings available across all regions.

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