Listings lift more than 70%

Property listings have now risen for nine months straight and are well above pre-pandemic levels. Last month was the third month in a row where listing numbers spiked by more than 50% year-on-year.

Listings in every region were up by at least a third last month when compared with the same month last year and there were some standouts. Waikato had the highest number of properties for sale ever last month, with supply more than doubling in the region when compared with August last year.

Hawke’s Bay, Nelson/Tasman, Bay of Plenty and Manawatū/Whanganui regions also had over double the number of properties for sale in August when compared with the same month last year.

Trade Me property sales director Gavin Lloyd says while demand for property is also on the rise, it is no match for the large increase in supply.