Listings low in comparison to 2013
Posted on April 2, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
While new listings showed an increase from January levels, the number of new listings in February (12,167) was below predicted levels, with 7% lesser properties than February last year.
Inventory levels of houses for sale fell in February. The number of available homes for sale on the market easing to 26 weeks of stock.
This remains well below the long term average of 37 weeks, indicating that the market remains in the seller’s market.
Filed under: REAL ESTATE