Here are a few of my favourite indicators that I watch relating to the trend of real estate in Te Atatu Peninsula. The moving average reduces the noise or chop and gives a clearer picture of what is going on.
Although the moving average median price has been trending down since Febuary 2017, February has rocketed up which is starting to pull the moving average up.
Looking at moving average the number of houses sold remains the same.
Looking at moving average the days to sell a house is fairly flat.
I include this graph to show how Te Atatu Peninsula compares with the Auckland Region.