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Spike in properties for sale as House Price Index drops

Friday 22nd of April 2022

According to Trade Me data properties for sale rose 13% in March compared to February. They reached a record high in several regions, while demand also escalated.

Despite the increase in supply, Trade Me Property sales director Gavin Lloyd says the national average asking price reached a new record of $971,450 in March, up 21% year-on-year, with no change when compared with February.

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