Gisborne’s median price decreased by 2.9% year-onyear to $600,000 “Owner‑occupiers were considerably more active than other buyer groups during June. Vendors were meeting the market on price, recognising the importance of attracting buyers in a slower sales environment. Open home attendance was mixed, with some weekends busy and others quieter. Auction rooms saw good attendance, though clearance rates softened slightly. However, properties going under the hammer still tended to sell faster than through other methods of sale. Rising living costs and a reduction in new listings weighed on market sentiment, though lower fuel costs helped support cautious optimism. The lower-to-mid market continued to see solid activity, with many properties attracting multiple offers. Looking ahead, salespeople are cautiously positive about activity over the next few months, especially with easing costs and a milder season expected.”
Source: REINZ
Gisborne market update
Median house price
The median house price over the month of June.
$600,000
Number of sales
The number of sales in Gisborne over the past month.
34
Median days to sell
The average median days for a house to sell in the past month.
49