No spring lift for property market: Realestate.co.nz
New data from realestate.co.nz shows new property listings across the country down by 12.2% in September on the same time the previous year, and the total housing for sale stock down 23%.
“Typically we can see trends around what happens during the different phases of a year, such as a slow-down in the winter months and a resurgence in spring, but 2016 is The Year of Unpredictability,” spokeswoman Vanessa Taylor said.
“Traditional seasonal behaviour is diminishing as sellers appear to be more focused on selling at a premium particularly in markets like Auckland, while buyers are considering all their options and properties are now taking a longer time to turn over.”
Auckland was the only region where total stock levels increased, by 4%.
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