Houses for sale on the rise
Phil Rumble has been looking for properties around Auckland and Northland over the past few months and has not been impressed by the selection.
Prices are rising fast, and he says he is now looking at land in Northland going for twice the price it would have three years ago.
‘‘And in Auckland it’s half a million for a shoebox.’’
House buyers around the country are short of choice as only Auckland reports an increase in the number of listings, new Real Estate Institute (REINZ) data shows.
REINZ has released its data for January. After months of record low numbers of houses for sale in Auckland, the number on the market jumped by 1135, or 17 per cent, year-on-year in January.
Auckland, Northland, Canterbury and Wellington all reported a drop in median price compared to December. Auckland’s median price fell from $840,000 in December to $805,000.
Chief executive Bindi Norwell said that was in line with expectations, because January was usually the quietest month.
‘‘Anecdotal evidence from agents around the country suggests that the market has been picking up speed again towards the end of January.’’
‘‘The number of properties for sale in Auckland is certainly rising, with more than four months of supply now available.’’
‘‘The number of properties for sale in Auckland is certainly rising, with more than four months of supply now available’’