I am picking third quarter sales to be down
The early indications are that the third quarter sales for residential property in Gisborne (July through to September) will be down on the previous quarter. I am predicting it will be down by more than 25%. There were definite signs of market recovery during April through to June as more sales were transacted. It looked as though we had turned the corner and confidence was up, but with September looking like posting not much more than 30 sales, the total for the quarter is likely to be 100 – 110 sales in total. Final figures should be available next week. I welcome your comments as to why you think this is the case.
October 05 2009 05:30 pm | regional
Alistair Helm on 06 Oct 2009 at 7:32 am #
Neil
I think you are seeing on the ground what I am seeing at a more national level. The data is showing me that was was a massive amount of activity on the web through July and August is already drying up – so it looks to be a early spring flourish that may have lost some of the head-of-steam.
Be interesting to pull together some other information.