The housing market is expected to be even better for buyers this year. There are many new listings on Trade Me Property, and prices are going down. In January, there were about 39,000 homes listed, which is 17% more than last January. This is the highest number of listings for January in five years.
Gavin Lloyd, the Customer Director at Trade Me Property, said, “Many sellers are back from their break and ready to sell in 2025. This is good news for buyers because they now have more options.”
The biggest increase in homes for sale was in the Wellington area, where listings were up 28% from last January. Canterbury saw a 23% increase, and Auckland had a 17% increase. However, while there were more homes available in January, the prices were going down. The average asking price nationwide was $842,900, which is a 0.8% decrease from December.
In Auckland, prices also dropped by 0.8%. The biggest price drop was in Otago, where prices fell by 2.9%.
With more homes for sale and lower prices, the market is still very much in favor of buyers, especially as we head into the busiest time for buying and selling homes.
Source from interest.co.nz: https://www.interest.co.nz/property/131937/listings-trade-me-property-five-year-high-january-while-asking-prices-were-decline
The opinions and research contained in this article are provided for information purposes only, are intended to be general in nature, and do not take into account your financial situation or goals.
