BNZ-REINZ Residential Market Survey Results

Tony Alexander Weekly Overview

Listings shortage may be getting worse and prices are strongly seen as rising.

Welcome to the June BNZ-REINZ Residential Market Survey Results 

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The full pdf is here.

Our regular monthly survey sent to over 10,000 licensed real estate agents around New Zealand has found that a record net 19% of the 439 respondents are noticing fewer potential vendors coming forward to ask for valuations on their properties. This result suggests a worsening of the already deep listings shortage and it is unsurprising that a record net 21% of agents feel it is a seller’s market with a net 48% feeling that prices are rising.

This month we also asked agents the proportion of the vendors they represent who are located offshore. The result is about 4.5%. This compares with the 7.8% - 9.2% of sales which agents report go to people located offshore, of which perhaps half plan shifting to or shifting back to New Zealand.

All the best

Tony Alexander produces six regular publications.
The monthly Growing With China issues are here.
The monthly Brain Gain NZ can be located here.
The Weekly Overviews are loaded here.
The monthly BNZ-REINZ Residential Market Surveys are posted here.
The monthly BNZ Confidence Surveys are available here.
The monthly BNZ-Nine Rewards Consumer Trends Survey is here.

Tony Alexander
Chief Economist
www.tonyalexander.co.nz

ENDS

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