Last month, new listings in Southland were up 24.7%, compared to a national average of 4.3% year-on-year, a new report from realestate.co.nz states.
Otago recorded an increase of 5.5%.
Meanwhile Central Otago/Lakes District continued to command the country’s highest average asking price at $1,605,575, an increase of 6.5% year-on-year but down slightly from its all-time high of $1,666,075 in May this year.
The national average asking price remained steady at $866,314.
Chief executive Sarah Wood said, in a statement, the new data reflected how New Zealanders were responding to an uncertain world.
‘‘Anecdotally, we are hearing the same thing from across the market: people who have been holding off, waiting for things to settle, are starting to recognise that a world with more uncertainty has become the ‘norm’ in recent times, and that life has to continue.
‘‘Buying and selling property is part of that.’’
Southland and Central Otago/Lakes District were the only two regions to record meaningful year-on-year stock declines.
Central Otago/Lakes District recorded the largest year-on-year stock decline of any region in June, down 13.8%, followed by Southland, down 9.7%.
Ms Wood said the conditions favoured buyers who were ready to act.
‘‘Stock is up across almost every region, which means buyers can be more considered in their decision-making.
‘‘First-home buyers in particular are recognising that conditions like these reward those who are ready to move.’’ — Allied Media
