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NZ: Spring real estate market roars into life in October

Posted on 09 November 2012

Keen buyers across the country are driving strong growth in the volume of residential properties sold in October. Sales are 32.6 per cent up on October 2011 and the national median house price is at a new record of $380,000.
The Chief Executive of the Real Estate Institute of New Zealand (REINZ), Helen O’Sullivan, says the springtime surge in new listings is struggling to keep pace with buyer demand leading to a further drop in the average number of days taken to sell to 32 days………………………………………..Full Article: Source

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