Numbers holding up well, says real estate boss

While the latest REINZ figures point to a steadying of Auckland house prices and a slowdown in total sales and the time it takes to sell, the overall outlook for real estate remains strong, says Geoff Barnett, National Manager of Century 21 New Zealand.

“When you seasonally adjust these numbers and compare them to one year ago not one month ago, they’re holding up really well. And let’s not forget that REINZ stated ‘at worst, prices in the Auckland region are steady at present’. Last year we heard a lot of doom and gloom from commentators about plummeting prices in 2017 and fast rising interest rates, but neither is nowhere near.”

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