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Uncertainty dogs NZ property market

Posted on 01 November 2011

The Auckland market is leading the way in a rise in asking prices for homes, with the national figure up 2 per cent in October to $434,161, according to industry figures. However, the inventory of unsold homes on the market moved up again, to the equivalent of 38.5 weeks of stocks at present sales rates.
The NZ Property Report from Realestate.co.nz shows the Auckland region led the trend of rising asking prices, recording its highest average asking price - $568,778 - since Realestate.co.nz began tracking the market data in 2007…………………………………………Full Article: Source


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