News & Research

Valuations return to normal but market activity remains low

17 April 2018

Patterns are back to 'normal' but activity is still down.

With the holiday period now out of the way, valuation patterns have reverted to ‘normal’ and we can see that in all centres market activity is still well down on the volumes of a year ago.

Auckland continues to be an area of weakness in terms of valuations activity.

This market activity is based on the number of automated valuations run by bank staff using our systems each week. This number of valuations correlates very closely to the number of sales that will subsequently occur so this is an extremely timely measure of buyer demand, more than any measure of sales. We can also track across any geographic area.

Data as at report publishing date April 2nd 2018.

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