Harcourts had a big lift in sales last month but the Auckland market has been flat for several months

New Zealand’s largest real estate agency sold almost a third more homes in September than it did in the same month last year.

Harcourts sold 2316 homes last month, which was 32% more than the 1756 homes it sold in September last year, and 11% more than it sold in August (see table below).

It’s average selling price in September was $539,961 compared with $513,608 in August and $473,784 in September last year, giving an annual increase of 14%.

However the number of homes the agency sold in the Auckland/Northland market has not increased beyond the levels achieved over winter and has fallen slightly for two months in row.

In Auckland/Northland the agency sold 641 homes in June, 668 in July, 646 in August and 636 in September, although that was still up by 10% compared to the 576 it sold in September last year.

The average selling price in Auckland/Northland last month was $841,502, which was up 23% compared to September last year.   

Similarly, in Harcourts’ Central North Island sales region, which includes the Waikato and Bay of Plenty, sales have increased only marginally over the last couple of months but were up 84% in September compared to the same month last year, while the average selling price was up a more modest 8% compared with a year earlier.

In the Wellington region the number of sales was up 27% compared to September last year while the average selling price declined by 1% compared to September last year.

In Christchurch September’s sales were up 14% compared to a year earlier while the average selling price was up 3%.

Harcourts Dwelling Sales September 2015

  September 2015 August 2015 July 2015 September 2014
Auckland/Northland:        
 New listings 798 829 647 671
 Total inventory 1660 1624 1443 1771
 Number of sales 636 646 668 576
 Average selling price $841,502 $817,580 $828,009 $683,101
Central North Island:        
 New listings 509 464 438 439
 Total inventory 1338 1392 1430 2099
 Number of sales 551 543 527 299
 Average selling price $363,586 $349,147 $347,444 $337,639
Wellington:        
 New listings 420 275 322 396
 Total inventory 1028 1008 1060 1452
 Number of sales 332 274 291 262
Average selling price $362,511 $351,054 $354,079 $366,153
Christchurch:        
 New listings 526 457 467 573
Total inventory 1931 1911 1940 1927
 Number of sales 459 384 426 404
 Average selling price $511,703 $496,023 $472,710 $496,166
South Island (excl. Chch):        
 New listings 304 299 229 286
 Total inventory 1221 1279 1265 1599
 Number of sales 310 202 237 194
 Average selling price $318,631 $336,112 $337,811 $298,702
Total NZ:        
 New listings 2682 2383 2142 2429
 Total inventory 7342 7384 7313 8987
 Number of sales 2316 2080 2178 1756
 Average selling price $539,961 $513,608 $517,903 $473,784