CoreLogic's chief property economist Kelvin Davidson believes that the New Zealand housing market may begin look brighter for homeowners sooner rather than later, according to an article by Miriam Bell of stuff.co.nz. Key indicators such as sales volumes, listing numbers and stabilising mortgage rates may hint at a potential end to the market downturn.

The implication that interest rates have reached their peak will give buyers and sellers more confidence in making decisions, resulting in a shift in market perceptions, according to Davidson. He also said that these indicators lead to a rising belief that the downturn in the market could end in the second half of 2023. To prepare yourself for the trends to come in the market in your area, contact us for a market appraisal!