Asking prices climb
The property website reported a new record asking price of $47,275, up 6% on the same time a year ago.
But the squeeze is still on available listings. New listings were down 1% in April on the same time a year ago and dropped more than 20% from March.
Northland had the biggest drop in new listings over the month, of almost 45%, followed by the West Coast with 35.8% and Hawke’s Bay with 24.4%. Auckland had a 9.3% increase in new listings compared to the same time a year ago.
Realestate.co.nz marketing manager Paul McKenzie said while Auckland’s new listings were improving, the past month had been strong for sales, which had reduced inventory numbers further. “Things definitely got tighter in the past month.”
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