MAR 2024 | MARKET STATS

The North Shore showcased a blend of stability and growth. While the median sale price experienced a slight drop of 5.2% compared to the prior month, the year-on-year data reflects a robust 7.6% increase, suggesting a healthy long-term trajectory. Despite this decrease, the number of sales surged by 38 transactions, indicating sustained demand in the market. Additionally, the stable days on market, coupled with a substantial total sales volume of $441,737,000, signifies a balanced market environment where vendors, buyers and properties are transacting.

Out West, the property market showcased resilience and expansion in March. Although the median sale price saw a marginal decline both month-on-month and year-on-year, the Waitakere witnessed a notable rise in the number of sales, boasting a remarkable 19.4% increase compared to the same period last year. This surge indicates a heightened level of buyer interest and confidence in the area. A slight decrease in days on market suggests that properties are moving swiftly, contributing to a total sales volume of $285,679,000, signifying a vibrant real estate landscape.

Meanwhile, the Rodney District demonstrated consistent growth and increasing market vitality. With a year-on-year increase of 6.7% in median sale price and a notable increase in the number of sales, Rodney remains attractive to both buyers and sellers alike. A significant reduction in days on market compared to the previous month indicates heightened market activity and increased competition among buyers. This accelerated pace of transactions, combined with a total sales volume of $242,153,000, underscores Rodney District's status as a dynamic market.