Marlborough Region Quarterly economic monitor - December 2019

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House sales

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Highlights for Marlborough Region

  • House sales in Marlborough Region in the year to December 2019 decreased by 6.2% compared with the previous year. Growth underperformed relative to New Zealand, where sales decreased by 1.0%.
  • A total of 1,007 houses were sold in Marlborough Region in the 12 months ended December 2019. This compares with the ten year average of 952.

National overview

House sales across the country continue to ease, down by 1.0% in the year to December 2019. However, sales in the December quarter picked up, suggesting that market activity is heating up following reductions in interest rates.