It’s great to see that Whangarei is experiencing positive improvements in the real estate market during the spring season. The number of sales in Whangarei City has increased by an impressive 18% compared to the previous year. This indicates a strong demand for properties in the area. The median house price has seen a year-on-year increase of 4.6%, which is a positive sign for homeowners in the region. Additionally, there has been a month-on-month increase of 2.3%, indicating ongoing growth.
The fact that the average days on the market have increased by 18% year-on-year could suggest a few things. It might indicate a slightly slower pace of sales or potentially more inventory available for buyers to choose from. This could be influenced by the increased demand. The rise in open home attendance and buyer activity is a positive indicator of a lively real estate market. It’s leading to multiple offers and competitive bidding at auctions, which can benefit sellers.
Over the last three months, there has been a welcome influx of first-home buyers entering the market. This is typically a positive sign for the sustainability of the real estate market. Additionally, the fact that families are upsizing their properties suggests confidence in the local economy and housing market. Overall, these indicators suggest a robust and competitive real estate market in Whangarei, making it an interesting time for both buyers and sellers in the area. However, it’s essential to keep an eye on these trends to make informed decisions in the ever-changing real estate landscape.
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