A persistence of the real estate market trends seen for the majority of 2009 has been suggested by the indicative figures for May from Harcourts, New Zealand's largest real estate group.
Harcourts New Zealand CEO Bryan Thomson specified that the unaudited data for May 2009 shows that the volume of written sales by Harcourts New Zealand last month was around 35% higher than May 2008.
Harcourts' Central region was the stand-out location that consists of Waikato, Coromandel Peninsula, Bay of Plenty and parts of the Central Plateau and East Coast districts, where the volume of sales appears to have been more than 70% up on the same month last year.
Mr. Thomson continued, "At the other end of the scale is our South Island Provincial region where the volume of sales in May 2009 was only around 10% up on May 2008, showing the relative stability of these markets when compared with regions with bigger metropolitan centres."
The figures of May display both a sound market of the present and awful market of May 2008 for many locations.
The full audited figures for May 2009, compared with May 2008, would be published by Harcourts New Zealand in about two weeks in its monthly Harcourts MarketWatch newsletter.
