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By Alana Saunders

It’s been a record month at Ray White Manukau, with more sales in October than any month since the office was opened in 2012.

Ray White Manukau managing director Adam Thomson is applauding the work of the agents and support team in getting 75 sales completed worth a total of $51 million – despite rhetoric that the housing market is slowing down.

“It’s been our best month ever and I think that’s – in part – due to the stabilisation of prices. Both buyers and sellers are feeling more confident in property prices and values now and last month’s figures mean we have sold a property, on average, every ten hours during the month of October.

“We are also proud to have a team of Ray White’s leading agents – across New Zealand – driving these numbers. We are exceptionally proud of the strength of our sales team and how they have adapted and embraced the changes in the market – and also the team that support them in this process.”

The month has also seen a high number of listings, Thomson said.

“We have replaced every house sold with a new listing and this month we’ve also had an 80% clearance rate at auction.

“This tells a different story than what we are hearing – I think previously overinflated prices have settled and, actually, have stabilised themselves.

“With these levels of supply and demand, we believe we are unlikely to see a “correction” as others are predicting – that has already happened. What we are seeing now is continued interest from buyers and sellers, and strong need for good housing stock and the general feeling that the market is good.”

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