Whoop whoop - we're starting to see positive momentum shaping the Wellington property market. While the median property price has risen by 0.6% year-on-year to $795,000, the most notable shift this month is in tender and auction sales.
With over 50% of Harcourts properties selling either at tender date or under the hammer, it's clear that realistic sellers are seizing the moment. This success reinforces our belief that opportunities still exist to surprise and delight sellers, even in a cautious market. Additionally, there are early signs of smart investors returning, particularly those focusing on land and property acquisitions - a promising signal for future growth.
Notably, the average Days to Sell improved to 41 this month, down from 51 last month, signalling quicker decision-making among buyers as confidence begins to return. With summer approaching and the market gaining momentum, there's no better time to act.
We're here to help you navigate thiscurrent market with confidence, whether you're buying or selling. Let's turn these promising trends into exceptional outcomes together!
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