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Gisborne’s median price increased by 9.6% year-on-year to $625,000. “Owner-occupiers were the most active buyer group, with first-home buyers also active. Vendor pricing expectations continued to align with the market. Attendance levels at open homes remained variable, in keeping with typical winter patterns. Entry-level and mid-priced homes continued to attract buyer interest. Local salespeople expected activity to ease through the remainder of winter, before improving as confidence builds heading into spring.”

Source: REINZ

Gisborne market update

Median house price

The median house price over the month of July.

$625,000

Number of sales

The number of sales in Gisborne over the past month.

38

Median days to sell

The average median days for a house to sell in the past month.

59