Market healthy – despite election doubt

Head of Trade Me Property Nigel Jeffries

The real estate website’s latest price index data shows the national average asking price continued to flatline in September, with a 1% drop on August, which left it at $607,400.

This meant the national average asking price increased by a mere 1.1% year-on-year – but it’s likely the much cooler Auckland market has a major role to play in this.

Head of Trade Me Property Nigel Jeffries said the average asking price outside Auckland is up by a healthy 6.8% year-on-year.

“But the Super City’s slow market is dragging the national average asking price down, given it makes up 35% of the country’s listings for sale.”