REINZ: Record breaking heat sees year-on-year sales volumes lift for first time in 7 months

PHOTO: REINZ.

As the mercury rose during January to produce the hottest month on record, sales volumes across New Zealand rose when compared to the same time last year for the first time in seven months
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 during January 2018 increased by 2.7% when compared to January 2017 (4,366 up from 4,251). The number of properties sold in Auckland increased 0.9% year-on-year to 1,157 up from 1,147.

Regions with the biggest increase in sales count year-on-year were:

• Nelson – up 27.9% (78 compared to 61 in January 2017)
• Canterbury – up 18.1% (607 compared to 514 in January 2017)
• Tasman – 15.8% (44 compared to 38 in January 2017)
• Gisborne – up 12.5% (36 compared to 32 in January 2017).

READ MORE VIA REINZ