Market Report
💥The latest REINZ Monthly Property Report is out and what a surprise we have experienced another record month in the property market for February 2021. 💥
Quick notes to take from this report:
🔴 Compared to February 2020
• Median Price up 27.0%
• Sales Count down 2.6%
• Days to Sell is the same
🔴 Compared to January 2021
• Median Price up 3.7%
• Seasonally adjusted median price up 2.9%
• Sales Count up 64.8%
• Seasonally adjusted sales count up 11.3%
• Days to Sell decreased 8 days
The current Days to Sell of 24 days is much less than the 10-year average for February which is 44 days. There were 6 weeks of inventory in February 2021 which is 3 weeks less than the same time last year.
To read the full report and check out other districts throughout New Zealand, please click the link below:
www.blog.reinz.co.nz...
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