There is strong demand from both buyers and sellers of New Zealand property with a “surge” in the number of listed properties.

The latest Trade Me Property Index shows that the national average asking price was $623,700 in October, an increase of 2.7%

This follows five months of little movement and low stock, said head of Trade Me Property Nigel Jeffries.

“It’s early days but it seems that spring has finally arrived for the New Zealand property market.”

“Usually by this time of year we expect to see the property market in full swing, but with the election in play it’s pushed everything back. We’re starting to see some of the movement we’d normally expect in this peak buying and selling season.”

Average views of Trade Me’s property listings were up 10%.

Average change in Property Price Index October 2016 – 2017

– Northland + 6.2%
– Auckland + 2.2%
– Bay of Plenty + 6.9%
– Waikato + 10.2%
– Gisborne + 7.8%
– Taranaki + 8.7%
– Manawatu/Whanganui + 13.1%
– Wellington + 11.7%
– Nelson / Tasman + 7%
– Marlborough + 12.5%
– Canterbury + 0.7%
– Otago + 7.4%
– Southland + 11.1%
– West Coast -0.1%

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