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NZ: ‘Confident’ house sellers up prices

Posted on 05 November 2012

Sellers’ expectations of what their property is worth could be getting too high as a surge in new listings prompts some buyers to be patient. The mean asking price in Auckland reached a record high of $611,864 last month according to Realestate.co.nz, leaving some real estate experts questioning whether sellers’ expectations were unrealistic.
The national asking price also rose 4.6 per cent on the previous month, propped up largely by the high prices recorded in Auckland and Canterbury………………………………………..Full Article: Source


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