Buyers market in Auckland

This is not only the highest monthly stock level to date this year but the highest since January 2002.

Director Peter Thompson says “We signed up more than 1900 new listings during November, which is in line with expectations for this time of the year, although slightly ahead of the same month last year.

“With our stock levels at a five-year high, vendors need to be aware that buyers have plenty to choose from in the current market and properties need to be priced realistically to sell within a reasonable timeframe.”

The Auckland property market was characterised by a “good volume” of sales and stable prices in the month, he says.