The Real Estate Institute of New Zealand’s (REINZ) November 2023 figures show more sales activity, more listings coming
to market, lower days to sell and a sense of more confidence overall (year-on-year).
REINZ Chief Executive Jen Baird says October is showing a slow but steady improvement in property market activity now
that the country is past the election, and we head into more active months in the property cycle.
“Local agents are reporting a lot more activity across buyer groups. They’re noticing more investors and first home
buyers looking to secure properties sharing the market with vendors who are showing a willingness to be realistic with
their price expectations. We can see signs of that in the median prices this month,” says Baird. Read more
The full data sets are available by clicking the links below.
The number one advantage between REINZ data and other housing data on the market is that REINZ has access to sales data
from the time the price is locked in (unconditional data) as opposed to when the house changes hands (settlement date)
which can often be weeks or months later. Therefore, REINZ data is the best and most timely measure of recent housing
market activity.
Should you have any queries regarding this information, please don't hesitate to contact the REINZ membership team at
0800 473 469.