Warmer weather heats up housing market
It's been lean pickings for buyers over the last five months, with little housing stock available nationwide, but October saw the market perk up with 30% more listings on the site than in September.
Trade Me Property head Nigel Jeffries says that this time of year is usually buoyant, but it's taken longer than usual for the market to kick into action.
“Usually by this time of year we expect to see the property market in full swing, but with the election in play it’s pushed everything back. We’re starting to see some of the movement we’d normally expect in this peak buying and selling season," he says.
Auckland property listings on Trade Me buck the downward trend revealed by the latest QV figures, rising by 2.2% from last year to $925,300.
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