BNZ-REINZ Residential Market Survey Results – November

Press Release – Bank of New Zealand

. BNZ-REINZ Residential Market Survey Results – November Our eighth survey of over 10,000 licensed real estate agents throughout New Zealand has found that overall the residential real estate market is moving up, but with the past month revealing …. BNZ-REINZ Residential Market Survey Results – November

Our eighth survey of over 10,000 licensed real estate agents throughout New Zealand has found that overall the residential real estate market is moving up, but with the past month revealing a rise in the number of vendors wanting to make a sale.

That is, things have moved from broadly neutral to being more of a buyers market. But there is also strongly rising buyer interest – from first home buyers but not from investors.

For the fifth month in a row the perception of agents on average is that prices are rising. But at a net 12% positive this reading is the lowest since the net 5% in June feeling prices were falling.

Full survey results PDF file

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