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October 11, 2016

Christchurch Market Watch, October 2016

Topics: Press Release, Christchurch 0


Christchurch has been experiencing a shortfall in the number of new listings for a number of months now and overall stock levels are down by 18% on the same time last year.

We are also experiencing a levelling out in the average price, which now sits at $523,053 – down from the all-high of $553,118 in May 2016.

Harcourts CEO Chris Kennedy says all signs are pointing to Christchurch sitting on a balanced market.