NEW LISTINGS
Posted on June 24, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
In May the level rose in properties coming onto the market by 5.9%, however it is still down by 7.2% on last year. In the last 12 months, 131,053 new listings have come onto the market up 1%, REINZ reports sales up 17% on the same 12 month comparison.
The inventory of unsold houses on the market was down 6% at the end of May when comparing the data to April. Once again record low levels of inventory of 25.4 weeks are well below the norm of 38 weeks historically.
Filed under: REAL ESTATE | Tagged: Real Estate