…Or more normal is possibly a better description. Over the festive season enquiry for property throughout the Bay of Plenty was low, probably surprising a few of us in the industry. When the borders opened, we expected a flurry of activity from Aucklanders wanting to relocate however whilst enquiry was up, little of that eventuated into actual sales.
It could be that it was Christmas and people didn’t want to make real estate decisions, or it could be that changes to lending, discretionary spending issues and interest rates are now impacting quite heavily. It would seem we are transitioning into a buyers’ market again and that sends warning signals to those wanting to sell. Do your homework carefully, expect days on market to increase. Consider early offers and most of all make sure you are talking to reputable real estate professionals.
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