AUCKLAND REINZ REGIONAL COMMENTARY May 2022
 
Compared to May 2021 • Median Price down 2.2% 
• Sales Count down 38.3% 
• Days to Sell increased 11 days Compared to April 2022 
• Median Price down 3.9% • Seasonally adjusted median price down 2.8% • Sales Count up 8.5% 
• Seasonally adjusted sales count down 2.9% 
• Days to Sell increased 3 days The current Days to Sell of 43 days is more than the 10-year average for May which is 39 days.
There were 24 weeks of inventory in May 2022 which is 14 weeks more than the same time last year  
 
 
  “Auckland experienced a decrease in its median house price year-on-year for the first time since October 2019 – down 2.2% to $1,125,000.
May saw the number of first home buyers and investors decline due to their inability to secure finance along with the uncertainty of what further changes may be ahead such as rising interest rates. 
 
“Fortunately, vendors are understanding the market and are adjusting their price expectations accordingly.
Auckland agents say the feedback from buyers and moving into winter has helped with this.
Selling by auction remains a popular method of sale — particularly in Central Auckland,
however, fewer properties were sold by auction when compared to May 2021.
 
Sales counts declined and agents say this may be due to the media stories predicting that prices will continue to decrease,
which is encouraging buyers to wait.” 
Jen Baird REINZ CEO  
 
Full report can be found here: 
 

What our clients say

Working with Mars Realty has been an absolute pleasure from start to finish. Their team is professional, responsive and truly committed to customer satisfaction. Highly recommend. Thanks team.

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We would like to thank you Shawn for selling our property in Dairy Flat.You are very professional and always kept us informed about everything that you were working on or that related to the selling of...

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