Asking prices rise as property listings increase

Year-on-year property listings grew for the first time this year and asking-price expectations have also risen slightly, suggesting the housing market is showing signs of recovery, says property website realestate.co.nz.

Its monthly NZ Property Report outlined the trend reversal, after six months of subdued price expectations. It showed year-on-year listings had grown 6 per cent for the first month this year.

Meanwhile, the number of new property listings for September shot up by 19 per cent, compared with August, with 12,674 homes now on the market.

Vendors' asking-price expectations on new listings also rose by 6 per cent on the month of August to $419,841, and were up 5 per cent on the previous three-month average. At the same time last year, the asking price of a new listing was $398,659.

However, despite the uplift throughout September, the level of new listings over the past 12 months fell 21 per cent to 134,873 from 172,711 in the previous 12 months spanning 2007 to 2008.

To read the full NZ Herald article click here

Posted: 2 Oct 2009

News articles

Browse articles
by date

September 2013

July 2013

June 2013

May 2013

December 2012

November 2012

September 2012

June 2012

April 2012

March 2012

February 2012

January 2012

December 2011

November 2011

October 2011

September 2011

August 2011

July 2011

June 2011

May 2011

April 2011

March 2011

February 2011

January 2011

December 2010

November 2010

October 2010

September 2010

August 2010

July 2010

June 2010

May 2010

April 2010

March 2010

February 2010

January 2010

December 2009

November 2009

October 2009

September 2009

August 2009

July 2009

June 2009

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

November 2008

October 2008

September 2008

May 2008

April 2008

March 2008

Please disregard these fields.


banner ad