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Auckland home buyers lead New Zealand housing market recovery

Posted on 02 May 2011

Home buyers in Auckland, New Zealand’s largest city, are returning to the property market and beginning to reduce the volume of unsold houses, according to a survey.
The inventory of homes for sale in Auckland fell 9 percent to the equivalent of 34.8 weeks of sales in April from 38 weeks in March, according to figures on realestate.co.nz, the industry website. Nationally, inventory rose 1 percent after increasing 9 percent in March……………………………………….Full Article: Source


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