Two well respected economists have suggested we are nearing the end of the property downturn. There are several reasons for this including immigration surge, house prices have essentially stopped falling, a shortage of properties for sale, interest rates stabilising, and the cost of living has moved fractionally down.
Last month we saw a total of 147 sales in the Mount and Tauranga with average sales prices at $925k and $880k respectively. Days on the market are steady at 61 and 47 respectively.
We have a large number of people who have been pre approved for finance and who have not been prepared to take a leap of faith and who we would expect to enter the market soon. If you are thinking of selling, come and talk to us.
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