New listings fail to provide spring property lift

The New Zealand property market has plateaued, as a rise in new listings failed to provide a much needed boost to the market last month.

 

 

Realestate.co.nz's October Property Report shows 11,911 properties came onto the market last month, up on the number of listings recorded during September, but a 12.1 per cent fall when compared to the same month last year.

The combined total of properties listed in August, September and October (the traditional spring lift period) was 32,274, marking a 12.5 percent fall from the same time last year.

Spring is traditionally a pivotal time in the property market, as better weather returns and more houses are listed.

However today's data suggested a stagnant climate that could last for months, Realestate.co.nz chief executive Alistair Helm said.

"If a property hasn't listed by now, it's unlikely that it will before the Christmas period.

To read the full NZ Herald article, click here

Posted: 1 Nov 2010

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