BNZ-REINZ Residential Market Survey

Mission Statement

To help Kiwi businesspeople and householders make informed financial decisions by discussing the economy in a language they can understand.

Market Very Strong

All of the eight key measures we use to gauge strength in the residential real estate market edged slightly lower in April. However almost exactly the same thing happened in last year’s April survey and the trend in all measures remains upward – apart from requests for appraisals which are below average, and perhaps interest from first home buyers which has settled at a high level though is no longer rising.

Overall the survey results show that the residential property market is strongly in favour of sellers and showing no sustained signs of easing off.

Is the number of people going through Open Homes increasing or decreasing?

Interest average

A net 18% of responding agents this month reported that they are seeing more people going through Open Homes. A quick look at the graph below shows that this result is comfortably in line with the historic average and therefore does not suggest any particular change in buyer interest at the moment.

Click on the below link for BNZ-REINZ Residential Market Survey details.

Source: Tony Alexander | Economic Commentaries

April 17 2013 05:53 pm | Tim Manning

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