AUCKLAND REINZ REGIONAL COMMENTARY
Compared to November 2017 • Median Price down 1.5% • Sales Count up 3.9% • Days to Sell increased 2 days
Compared to October 2018 • Median Price up 0.3% • Seasonally adjusted median price down 1.3% • Sales Count up 1.0% • Seasonally adjusted sales count down 8.5% • Days to Sell stayed the same.
Our seasonally adjusted results tell us that, compared to what we expect when moving from October to November, the observed increase in median price was slightly less than what was expected and the observed small increase in sales count was quite a bit less than expected. The current Days to Sell of 37 days is more than the 10-year average for November which is 33 days. The level of inventory available for sale currently sits at 19 weeks, four weeks less than in November 2017.