A phenomenal month of sales!

I wanted to take a moment to update you on our recent activities in the real estate market. It has been a busy month for us despite RBNZ’s latest (and hopefully last) raise to the Official Cash Rate (OCR). We have now hit the height of the tightening cycle, and mortgage lending data from the RBNZ suggests consumers may expect retail lending rates to fall.

Days to sell continue to decline well below their February peak, which suggests buyers and sellers are becoming more decisive and forthright with their purchasing decisions.

The increased transaction volumes and a soft supply of new listings are cause for cautious optimism that a housing rebound is on the way.

To truly understand the market in your area, it's essential to consult a local real estate agent who has expertise and experience in your specific location. Let us achieve similar results for you. Get in touch with me on 0800 HOWICK or simply click on the link below for a confidential appraisal today.

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