The supply and demand of property is positive!
Tuesday 2 June 2020
The local real estate market has been very active throughout May and since moving to Alert Level 2 on the 13th of May buyer attendance at Summit open homes has been very busy.
Several factors have contributed to both an excellent supply of property coming to the market and also the high number of properties sold.
A combination of very affordable mortgage interest rates, the build-up of many people putting house plans on hold during April’s lockdown and also the greater selection of property available to view has brought buyers out in force.
The early indication of buyer positivity provided us with the confidence to recommence The Summit Weekly publication on the 20th of May. Our property magazine, with 39,000 copies distributed, has incredible reach throughout the region and is just one of the reasons Summit clients enjoy such massive buyer inquiry for their properties.
Summit completed 65 written sales during May and have a high number in current negotiation.
The Summit sales team report that there has been a large number of multi-offer situations in specific price ranges and that more new listings coming onto the market has helped satisfy demand.
If you are contemplating a move, contact one of the Summit team today. There are many good reasons more people find their new home through Summit than any other company.
