News

House sales tumbled in January

Friday 13th of February 2009

The total number of homes sold nationwide last month fell to 3,706, a 17-year low, down from 4,302 in December and a drop from 5,186 in January 2008.

“This is the lowest figure we have seen in recent years by quite some margin,” REINZ president Mike Elford says. “Before 2008 the lowest turnover of houses we have seen on the New Zealand market was January 1992 when the number of houses so...

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