22 JULY - MARKET COMMENTARY, REAL ESTATE, MARKET UPDATE
Spring is just around the corner, with only four and a bit weeks of winter to go. Stock over this winter period has been tight, and buyer demand is continuing to grow along with Auckland and North Shore property prices.
School holidays are also wrapping up, and listing stock is already increasing. Sale volumes reflect the trickle of available properties over winter, which we expect to change with the floor gates open over the coming weeks and into September.
We expect prices to hold steady with plenty of buyer pressure as we move past the mid-year hump and the exciting descent to Christmas and Summer again.
Interest rates are on the creep upward even with the official cash rate staying steady.
A short market commentary for this months round-up with nothing overly exciting reporting further on. Without a doubt, next month will see more significant movements in the marketplace, so watch this space.
MARKET SNAPSHOT
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