REINZ Regional Commentaries - January 2012

Auckland

Sales volume in the Auckland region increased by more than 27% compared with January 2011, although in line with Christmas/New Year period and summer holidays, sales volumes were below those of December. North Shore City and those parts of the region outside the metropolitan area fared best.

The median price across the region fell for the second month running, after hitting a new record high in November. Prices are still broadly stronger than January 2011 (up 4.7% across the region) with North Shore City up 11.5% and Metro Auckland overall up 6.3% over January 2011.

Auckland's days to sell eased by six days from 31 days in December to 37 days in January, but improved by 4 days compared to January 2011. After taking seasonal factors into account (holidays, Christmas/New Year), Auckland's days to sell measure actually improved by 2 days compared to December.