Ray White chief executive Carey Smith says his group has enjoyed the strongest month in nearly three years.
In October the company’s 135 offices “finalised” 1216 sales, up 29% on October 2011.
“Across New Zealand all markets continue to show higher sales volumes," he says in a statement.
“The Canterbury area has returned to its pre-earthquake sales numbers and is up 37% on last year."
Most activity nationwide is in the CBD and city fringe markets, where there is still a lack of stock.
This is placing pressure on prices, which are increasing, while also lowering the number of days on market, Mr Smith says.
The national average sale price value at the end of October 2012 for Ray White was $452,592.
This is up on September 2012 at $445,326 and also up on October 2011, which was $440,918.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Christchurch City Holdings pays out all underlying profit to council owner
- Nigel Latta only tells half the story on the economy
- Wellington Airport wants to re-start resource consent for runway extension
- Strong support for Seymour’s call for an end to ‘demographic ministers’
- Hawaiki Cable names US landing partner
Most listened to
- ASB economist Daniel Snowden: Businesses only see the kiwi dollar dropping by 4% in 12 months
- ‘If you want to go around telling people how they should think, don’t do it with taxpayer money’ – David Seymour on Susan Devoy
- Craigs' Grant Swanepoel on how he expects Z to reconfigure the Z and Caltex brands
- Cameron Officer details the latest motoring news
- 9 Spokes CEO Mark Estall on his company's progress since listing