Spring lift still yet to come for property market
Real estate agents say an 11 per cent drop in Tauranga’s sale volumes is nothing to panic about, as the traditional spring rush is yet to kick in.
The number of houses sold in Tauranga dropped 11.4 per cent last month compared with September last year, according to figures from the Real Estate Institute of New Zealand.
There were 218 properties sold in Tauranga last month, dropping from 246 in September 2017. This was the lowest volume sold in a month since January.
It was a nationwide trend, with a low number of properties being listed across the country in July translating to 3 per cent fewer houses sold in September.