The Ray White New Zealand group results for December 2019 saw a 28% increase in sales value in comparison to 12 months ago and a 6% lift on November 2019. A month cut short by celebrations and Christmas holidays provided record-breaking results for the group. Overall the sales numbers resulted in 1,489 residential sales; a 21% increase on the same time last year, which gave a total released turnover of $1.017 billion.
The total number of controlled listings again decreased by 8% to 1,114. The difference between the sales numbers and the listing numbers shows a group portfolio decrease by over 330 properties. During the last quarter, in comparison to December 2019, the sales volume increase was 18%.
Carey Smith, Chief Executive of Ray White New Zealand said, “The December results showed a continued increase in the majority of the markets. The month of December historically is one of the quieter months of the year; however, 2019 has proven otherwise with record-breaking results in a strong seller’s market to close out the decade.”