PHOTO: Ray White
The Ray White New Zealand group results for November 2019 saw a marginal increase in sales value in comparison to 12 months ago. Sales numbers, however, were slightly down because of the increase in the median sales price, which has risen by .65% to approximately $683,117. Overall the sales numbers resulted in 1,415 residential sales which gave a total released turnover of $957 million.
The total number of controlled listings further decreased by 13% to 1,607. The difference between the sales number and the listing numbers show a small group portfolio increase of 2%. During the last quarter in comparison to November 2019 the sales volume increase was 17%.
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