Real estate agents claim “sanity” returning to Hamilton housing market – Mortgage Professional America

December 17, 2021 by No Comments

However, Lodge Real Estate managing director Jeremy O’Rourke said a recent auction saw four of five bidders had their bank preapprovals removed the same day as the auction. Moreover, fewer homes are selling under the hammer, with prices being negotiated after failing to reach set reserves, with only one-third of homes at the realtor’s auction on December 08 sold under the hammer.

“There’s still plenty of confidence in the Hamilton real estate market, but there is a definite change happening. It’s a tough market to get your head around because there are so many variables in place,” O’Rourke said.

Read more: REINZ: Prices continue to rise, but growth rates show signs of easing

Last month, Lodge Real Estate saw that housing consents hit an all-time high, and house listings across the country were some of the highest they have been since 2014.

In Hamilton, the number of homes listed for sale last month sat at 529, up 116 properties compared to the same time last year.

Source: https://www.mpamag.com/nz/mortgage-industry/market-updates/real-estate-agents-claim-sanity-returning-to-hamilton-housing-market/320362

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