Market Trends

Market Trends in Our Area

Lower Hutt City - Updated towards the end of each month.

Click here to return to the Lower Hutt Graphs document

Upper Hutt City - Updated towards the end of each month.

Click here to return to the Upper Hutt Graphs document.

What the graphs mean

Median sale Price

Each month all the residential property sales in the Hutt City are listed in price order.

The median price is the middle figure in this range. This figure is used in preference to an average as being a more reliable indicator of price movement.

Number of sales

Each month the number of sales occurring is graphed to indicate the market activity.

Days on market

The median number of days to sell properties in our market place. If a property is unsold by one agency and is subsequently listed and sold by a second agency the Days on Market figure would be understated. Does not include properties that do not sell.

Trends

This is a straight line calculated to show what the trend is over the report period.

Market Indicators

The two main indicator trends are the median price and the days on the market.

Rising prices indicate a strong market where demand exceeds supply.

Falling prices show a weak market.

Rising days on market show a weak market where supply exceeds demand.

Falling days on market show demand exceeding supply.

The number of sales is an indicator of how long (on average) owners are holding their properties. Current calulations show the average turnover time for properties in our market is 13.98 years.

Market indicators are usually read in conjunction with each other, together with any other affecting events, to give a picture of the immediate past and likely market future movement