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It's going to be a hot March
http://www.nzherald.co.nz/proper ... p;objectid=11603126
The property drought may be over as listings are starting to rise as we head into autumn. According to Barfoot & Thompson, while the number of properties the firm had for sale during January was the lowest for 20 years, it entered March with more than 2000 new listings.
So it looks like brighter days are here for buyers as more listings means more choice, and a better chance of getting what you want.
Peter Thompson, the firm's managing director, says there's an "extremely high number of properties in the pipeline" for settlement in March and April. The company currently has 3318 properties on its books, the highest monthly figure since March 2015.
Based on its sales, Thompson says the average house price is just over $822,000.
While the median price, a more accurate figure, is $738,000.
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