The Latest Harcourts Market Watch - April 2018

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National Overview - March 2018

The latest national residential property figures from Harcourts NZ shows a stable, and settled market continuing into March.

The average national house price in March held steady at $616,721, on a par with the same period last year.

Central Region, taking in Bay of Plenty and Waikato, and Wellington, which includes Taranaki and Hawkes Bay, both saw good activity in the market last month, reflected in an increase in the average price for both areas.

Wellington’s average house price was $536,430 in March, up a healthy 8% compared to the same period last year.

The average price in the Central Region rose 10% to $516,355 last month compared to March 2017. The provincial South Island also saw an average price increase, year on year, of 8% to sit at $431,948. Harcourts NZ CEO Chris Kennedy says it is great to see steady activity and price increases in the regions. “There is always such a lot of focus on Auckland and Christchurch, which were indeed a little quieter than last year in March, but when you look at the country as a whole, there is still plenty of activity from both buyers and sellers.

“There are good prices to be had for vendors, who work with skilled, knowledgeable and experienced sales consultants, in all markets around the country.”

Chris Kennedy
Chief Executive Officer
Harcourts New Zealand

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