Houses are taking only 16 days to be sold in Waimate with a lot of interest from Hamilton northwards. Demand had outstripped supply and was so strong that, whereas in the past houses took 90 days to sell in Waimate, then dropped to 36 days, it now took on average 16 days to find a new owner, he said. Meanwhile, in Timaru the median price for June this year continued to climb reaching $430,000, up from $387,000 in June last year. A total of 80 houses sold, the same for May this year and three ahead of the figure for June 2020. For the whole of Canterbury, the June 2021 median house price was $569,000, up 21.1 percent on the same time last year.

Source: Stuff July 15, 2021 05:03 UTC