ABC November 2024 Market Conditions Report

🚀 Market Update: November 2024

Here’s what’s happening in the business sales market:

Big Increase in Buyer Interest
We’ve seen a record 16,366 Confidentiality Agreements signed in the past eight months, up 33% from last year. Buyers are more active than ever.

New Listings Hold Steady
November saw 521 new business listings, down slightly by 6% from last year but still in line with normal trends.

Business Prices Hit a Record High
The average business price reached $874k in November, beating the previous high of $864k in December 2022. Prices are rising again after 18 months of declines.

Sales Are Growing
Completed sales are up 17% compared to last year, thanks to strong demand.

Why More Buyers Are Entering the Market?
Job Changes – Higher unemployment is driving people to buy businesses.
New Immigrants – Many new arrivals to NZ are buying businesses instead of working for others.
If you’re thinking about buying or selling, now’s a great time to act. Let’s chat! 🧩