JUNE 2022 | MARKET UPDATE

AUCKLAND MARKET HOLDS STEADY

After witnessing negative annual median price growth in May, Auckland residential prices have increased 0.5% compared to June last year, from $1.15 million to $1.156 million in June 2022.

Auckland also saw a month-on-month increase of 2.8% — up from $1.125 million in May.

The number of sales across our local markets eased, seeing less volume compared to a year ago. The North Shore saw a 41.8% decrease in sales volume, 35.8% in the Northwest and 37.4% for Rodney.

The median days to sell has also increased year-on-year – the North Shore saw the median property take 44 days to sell – nine days longer than June last year. The Northwest had a ‘median days to sell’ of 42 days – 12 more than June 2021 – and 45 days for Rodney, also 12 days longer.

The median sale price decreased on the Northwest, however Rodney saw a healthy increase, up 10.8% to $1.33 million. The North Shore median increased to $1.342 million, up 1.3% year-on-year. The Northwest saw a decrease of 4% to $1.020 million.