News

Prolonged collapse of house prices and sales

Tuesday 15th of November 2022

REINZ’s latest data show 4,892 sales were made nationally last month compared to 7,486 in the same month last year. Adjusting for seasonality, last month’s sales were down 9.5%. The month performed poorer than expected as there is usually an notable increase in sales during spring.

In Auckland sales were down 8.2% compared to the previous month. For the rest of the country s...

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