REINZ & Tony Alexander Real Estate Survey – October 2020

In this month’s REINZ and Tony Alexander survey, agents say that they are seeing more people attending Open Homes, while a net 38% report more people at auctions. Prices are seen as rising by a net 88% and FOMO (fear of missing out) has risen again – from a net 77% in September to 81% this month.

Properties are being brought to the market to list with a net 36% of agents reporting that they are receiving more requests to appraise the potential sale value of properties. This is a sizeable jump from a net 19% last month.

In October a net 38% of agents reported seeing more people at auctions. This is virtually unchanged from a net 36% in September, telling us that interest is high but not soaring.

Click here to read the full report

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Tony Alexander

Tony Alexander

Tony was the Chief Economist at BNZ for over 26 years. He has spent three decades back in NZ since the 1980s writing more about the NZ economy than anyone else in NZ history, and in the past two decades has delivered 80-120 presentations each year around NZ and offshore. His audience has always been the average home buyer and property investor, plus small to medium-sized businesses.

Tony Alexander

Tony was the Chief Economist at BNZ for over 26 years. He has spent three decades back in NZ since the 1980s writing more about the NZ economy than anyone else in NZ history, and in the past two decades has delivered 80-120 presentations each year around NZ and offshore. His audience has always been the average home buyer and property investor, plus small to medium-sized businesses.

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