The second quarter of 2012 has seen sales activity continuing to be strong, with over 600 house sales in Christchurch and over 1000 in Canterbury/Westland in the month of May. Sales volume is the key indicator as to the level of strength in the market place.
|Median Price||June 2012||June 2011|
As the median price has increased in all of the above four areas with the greatest level has been in the outer regions; Selwyn, Waimakariri Districts and Rangiora. Christchurch City has had a lesser increase in the median price, rising 5.5% from June to June over the past 12 months.
Strong buyer inquiry is having to compete in a tight selection of properties for sale. There has been no normal seasonal slow down in the market.