PHOTO: REINZ November 2017
The number of properties sold in November across New Zealand increased 17.8% from the previous month – the largest October to November increase seen in 6 years according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.
The number of properties sold in New Zealand excluding Auckland increased 19.4% month-on-monthand in Auckland it increased 13.9% month-on-month.
All regions, except the West Coast, saw sales volume increase in comparison to October.
Bindi Norwell, Chief Executive at REINZ says: “There was a 17.8% increase in the properties sold in New Zealand from October to November – this is the largest October to November increase we’ve seen in six years. After taking into account seasonal adjustment, that increase is 4.5%. While therewas a significant increase in properties sold, November traditionally sees a robust increase, although the change in November compared to last month was stronger than we would have expected based on past data.
READ MORE VIA REINZ