Listings down, asking price eases
The website reported 8010 new listings last month, down 6% from 2012 and a drop of 40% compared to November 2013.
It was the lowest number of new listings in seven years.
At the same time, asking prices eased to a level last reported in June 2013. The national seasonally-adjusted truncated mean asking price dropped 5.7% from November to $451,448.
Record asking prices were reported in Canterbury, where the average asking price of $443,750 was 14% up on December 2012, and Taranaki, where asking prices increased 22% on the year before to an average $344,910.
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