Growth of new listings
Posted on February 24, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The New Year has started with a healthy flow of new listings, which may help rising property demands. Realestate.co.nz report that 9,267 new properties came onto the market, up 5% from last year. This increase was across most of the country, excluding Hawkes Bay, Marlborough and Southland. Of the 13 regions that reported higher listings the largest increases were in Coromandel rising 39% and the Central North Island with a 29% increase year on year.
The inventory of stock on the market is also recovering slowly, with the number of available homes for sale on the market easing to 27 weeks of stock. This is still down however from the long term 37 weeks.
Filed under: REAL ESTATE