Mortgagee listings jump to record high in last week
Mortgagee listings on realestate.co.nz and trademe.co.nz leapt to a record 606 in the last week, a weekly survey by interest.co.nz has found.
Listings were up 11% in one week and up 50% from a month ago. Listings on realestate.co.nz of Auckland mortgagee listings rose 30% to 190 onrealestate.co.nz. We began surveying these listings in the first week of March last year when listings were at 211. Total sales listings fell slightly, meaning the percentage of listings that are mortgagee listings has risen to 0.56% from 0.50% last week and 0.21% a year ago.
This article has kindly been republished courtesy of interest.co.nz. To view this article and other news updates from
Posted: 4 Mar 2009
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