BNZ-REINZ Market Survey Results

BNZ-REINZ Market Survey Results

Our monthly BNZ-REINZ Market Survey has revealed a further strong increase in interest in the real estate market from first home buyers, sustained interest from investors, plus more sales going Unconditional and people passing through Open Homes. However a small net percent of licensed real estate agents feel there remains some downside to prices (though the vast majority feel they are flat), and auctions appear to have fallen slightly out of favour over the month with reduced clearance rates.

This is only the second month for this survey and it will take some time before we get a good feel of the normal readings for the various indicators, the impact of seasonal changes, and the extent of month to month volatility. But for now the results over a two month period suggest an improving real estate market but with little reason for believing prices are yet rising by much.

Full Survey PDF file

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