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NZ: Asking prices for houses fall 4.4pct

Posted on 02 August 2011

A continuing slide in new listings has turned Wellington’s housing market into a seller’s market, says property website Realestate.co.nz. Average asking prices in Wellington fell 4.4 per cent to $413,000 in the past three months.
The number of new listings in Wellington was down 18 per cent on the same month last year and the Wellington area’s inventory of houses for sale represented just 21 weeks of sales. Just three months ago that figure was over 26 weeks……………………………………….Full Article: Source

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