News

Not enough new listings: Realestate.co.nz

Monday 3rd of December 2012

According to the website’s data, inventory - which is measured by the number of weeks it would theoretically take to sell all unsold housing stock on the market - fell to 28.7 weeks in November (seasonally adjusted); a 29% drop from the same month last year, and well below the long term average of 39 weeks.

The drop was most dramatic in Auckland, where inventory fell to 15.5 weeks...

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