REINZ Market Update | Tremains Rotorua | July 2021

Date: 13th Aug 2021

Another month of winter has passed. Another Olympiad has passed into history. Records were set at the Olympic games and records are still being set in the property market too. The median price in Rotorua has risen from $490,000 to $640,000 in 12 months. First home buyer activity has remained steady yet inventory remains low, placing upward pressure on prices as demand continues to outweigh supply. More listings are expected to come to the market over the next few months as we move into spring. And as we move through the last month of winter our team is very excited about the announcement of our new Spring campaign.

One lucky person who lists and sells their property with Tremains will win $35,000 to spend on whatever they like. Imagine what you could do with that? If you want to know more, please give your friendly Tremains sales consultant a call. Selling your home can be daunting. Please rest assured when you contact one of our team you will be treated with the utmost respect and confidentiality. We are here to guide and reassure you through the whole process. Even if you are wanting to just find out how it all works, please just give us a call. We’d love to hear from you.

Get all the market facts and stats here.