Harcourts’ sales took a slight dip last month, with the company selling 2061 homes throughout the country in June, down 5.7% compared to the 2185 it sold in May, but still up a whopping 31.2% compared to the 1571 homes it sold in June last year.
Prices were a mixed bag with average selling prices rising in the upper North Island compared to May, but posting declines for the month everywhere else.
In the Northland/Auckland region, Harcourts’ average selling price was $827,679 in June, compared to $796,558 in May and $721,633 in June last year.
Harcourts monthly sales report said new listings in Northland/Auckland in June were up 46.7% compared with June last year, while overall inventory for sale was down 14%, indicating a continued overall tightening of supply.
“The strong demand experienced over the past two months is continuing,” the report said.
In Wellington the average selling price was $354,394 in June, down from $372,969 in May and up just 1% compared with the average selling price of $349,994 in June last year.
In Christchurch the average selling price was $491,990 in June compared with $528,459 in May and $529,092 in June last year, meaning it has declined by 7% in the last 12 months.
Harcourts chief executive Hayden Duncan said last month was the best June month for sales the company had ever had, and that followed its best ever May in the previous month.
“It’s particularly good to see the strong sales volumes in other areas besides Auckland,” Duncan said.
“The Central region of the North Island, which includes Waikato and Bay of Plenty, is also turning in some outstanding results.
“It’s possible that with demand far outstripping supply in Auckland, potential buyers are turning their attention to other areas.
“That’s great news, although it will begin to impact supply in those areas, where inventory is also taking a hit, and that will impact on average prices,” he said.
You can read Harcourts’ full sales report for June by clicking on the following link: