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Market trends show a slowing of sales nationwide, particularly within the capital city, Wellington and New Zealand’s largest city, Auckland could be following:
“Inventory data shows that properties in Wellington are taking longer to sell than they have, on average, over the last 15 years. And the rate of sale also appears to have slowed in Auckland last month.” – Vanessa Williams, spokesperson for realestate.co.nz
The rest of the country differs with mixed activity. Average asking prices hit all-time highs in five of our 19 regions last month, with Northland, Bay of Plenty and Canterbury reaching record highs for the second month in a row. New listings were down in the majority of regions.
*Sourced from realestate.co.nz