Residential Sales Statistics – May 2016

Market Commentary

Buyers in the Otago region are experiencing the side effects of the drop in the number of properties for sale with first home buyers moving quickly to secure properties. Investors, particularly out of Auckland are also very active.  The region only has 11 weeks of inventory on hand going into winter, thus the supply situation is not expected to ease until the spring at least.” – REINZ

Median Price
Dunedin $307,000
North Otago $253,000
South Otago $175,000
Otago $281,000

Residential Statistics - May 2016

Residential Statistics - May 2016

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