December is generally slower than most due to Christmas and the holiday season. I will outline some of the statistics we have recieved by the REINZ.
MEDIUM HOUSE PRICE
What looks like a record high of $445000 was recorded for Rotorua for December. In 2017 this was $387500 so a 14% increase.
NUMBER OF SALES
There were 87 sales for December. This was very similar to 2017 where 84 were recorded.
DAYS ON THE MARKET
30 days on the market was the average for December. This compares to 32 last year.
PROPERTIES ON THE MARKET
269 Properties on the market whcih has dropped from 321 in 2017
What does this mean? It means its still a strong sellers market in Rotorua.