Wellington house sales: Buyers ‘getting tired’, survey shows

Property

9 Dec, 2020 01: 30 AM 3 minutes to read

Only a quarter most typically associated with real estate agents surveyed said they were getting more people at auctions back in November. Photo / Mark Mitchell

Wellington home buyers are “taking a complete rest” from auctions and clear homes, survey results from real estate agents have revealed.

Independent economist A2z tony Alexander has been surveying New Zealand real estate agents on a monthly basis since July, requesting them about activity levels so trends they had observed in the housing industry.

The REINZ on top of that Tony Alexander report for December surveyed 36 real estate agents in Wellington, and only a quarter of them reported they knew seen more people at listings than previous months.

The feedback results showed buyers were ‘taking a rest’. Photo / Taraget Mitchell

This was lower than the country average, in which 42 per cent of all 369 agents reported more americans at auctions.

Also, while 83 per cent of Wellington agents reported more people about open homes in September, that a lot of had dropped to 36 % in November.

Alexander said the results showed Wellingtonian non commercial buyers were still interested though getting fatigued by the process of real estate property.

“I think what if some of the buyers in Wellington amazing benefits getting tired of the frenzy ~ that’s quite a drop from 83 per cent of agents saying some more people at open homes that 36 per cent now. ”

He said the process of searching for a home could be exhausting and exclusive, and the survey reflected a all over the country trend of fatigue among non commercial buyers.

“Traipsing on and getting themselves ready to go to an retail, paying the money… it’s a pretty devices business if you have to keep going again and again and even again, ” Alexander said.

“Overall, the country-wide outcome is just showing that buyers could possibly take a rest basically.

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“That pull back on start homes [in Wellington], that’s somewhat large – it must be one of the large pull backs. ”

The data also showed Wellington must have been a market driven more by the first-home buyer than by the investor, a person said.

“Net sixty four per cent of agents in Wellington are saying they’re seeing first-home potential – that’s above average – along net 25 per cent saying they are also seeing more investors.

“The first-time buyers are big and the investors a little bit below average. micron