The Median Sale Price for Tauranga City hit a new record of $700,000 in November. That means there were just as many sales above that level as there were below that point. That median is definitely trending upwards. Whether that’s a spike or a sustained lift will be confirmed over the next couple of months. Keep an eye on it.
Properties continued to sell slightly quicker. However the number of sales was down slightly. Stock levels remain lower, making it a good time to sell.
Over the Bay of Plenty Region, The same trends were repeated, higher median, quicker sales and slightly fewer transactions.
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