June saw an interesting month. We had the first cold snap which saw a dramatic dive in people searching for a property to buy. Over the last month and even as we are now I only am seeing the same people out there looking for properties. They are eighter the ones that a fishing for a bargin or property investors. I am seeing very few new faces out there. Maybe this will change as we get into the summer.
Here are the Stats as per June
Total Sales in New Plymouth May: 87 June: 69
Properties on Market (approx) May: 1135 June: 845
Days on Market (approx) May: 48 June: 53
Median Sale Price May: $332,500 June $285,000
If you want to see the previous 6 months please click this link.
But as I said above the market has slowed here in New Plymouth considerably. The median sales price fore New Plymouth dropped back a lot. Maybe it is a monthly dip that may correct itself. But something I wish to point out is the number of homes on the market. This had a massive drop and is the lowest amount of homes on the market in over a year. I contribute this to a few things. The colder weather, less people coming to the market and very high number of people withdrawing from the market.