Market Update March 2021

Menique Stuart

Another strong month in sales with a record number of transactions taking place across our four offices. We did see some small hints of uncertainty over the last fortnight, which was noticed on the auction floor with the number of bidders slightly down from 7 per property, to 5. And the clearance rate dropped from 88% for February to 75% for March.

Overall, we saw another month of consistent growth here in Auckland. To read more check out the Ray White NOW magazine or the sales insight documents here, which is suburb-specific data for you.  After 9 months in the making we have also opened a new office at 12 Waddon Place, Mangere which is the first Real Estate Agency to open in Mangere Town Centre.