Residential Sales Statistics – September 2016

Market Commentary

“The market remains tight in Otago, despite the number of investors declining somewhat due to the new LVR restrictions. The level of inventory is very low with less than 10 weeks supply available and the number of days to sell, while not a record low, is very close to the record low. The new record median price is a result of these tight conditions.” – REINZ

Median Price
Dunedin $311,000
North Otago $264,000
South Otago $174,500
Otago $296,000

Residential Statistics - September 2016

Residential Statistics - September 2016

Leave a Reply