House sales jumped in August - report

Real estate agent Ray White Ltd has reported its August sales were almost 50 per cent higher than for the same period last year.

Ray White NZ chief executive Carey Smith said there was a 47 per cent improvement on August, 2008, with Auckland up almost 70 per cent up on last year's volume, and a turnover of nearly $200 million.

Smith said the Northland region increased its turnover by 46 per cent and also had a positive stock increase. The lower North Island arm of his company lifted its sales by 25 per cent and also increased the listings secured by 14 per cent.

In the upper South Island, where the company had five offices, turnover August increased by 41 per cent, but Canterbury had a 20 per cent increase with a 10 per cent lift in new listings.

The lower South Island showed no lift in turnover, and only a slight increase in the number of new properties listed.

To read the full NZ Herald story click here

Posted: 8 Sep 2009

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