Drop the quarter-acre dream to address supply shortage

The real estate website’s February data had 22.3% less houses available for sale last month, as compared to February 2019.

In Auckland, there were 22.5% fewer homes available as compared to the same time last year and this decrease was mirrored in other regions.

Marlborough reached an all-time low since records began 13 years ago with 35.9% fewer homes available when compared to February 2019.

In Taranaki and Wairarapa, total stock was down by 42.6% and 36.3% respectively - the biggest year on year decreases seen in any region during February.