The property market across the Central Otago Lakes region is moving at a fast pace with a clearance rate of 7.9%. This pace of the market has been pretty consistent for the past year. There has though been some degree of easing in the pressure on available stock of properties for sale with the May inventory level rising from 58 to 68.4 weeks of stock based on current rate of sale. Set against this highly active market property price inflation remains fairly modest at 2.5%.
