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NZ: The tight housing market got even tighter in December

Posted on 04 January 2013

The new year starts with even fewer properties for sale, and a somewhat surprising easing in asking prices, according to the December NZ Property Report from realestate.co.nz.
Auckland, Waikato and Otago were most affected by low inventory levels, with stocks of unsold homes falling to a new record lows of 13.9 weeks of inventory in Auckland, 31.5 weeks in Waikato, and 20.4 weeks in Otago, each well below their long term inventory levels. Inventory levels across the country remain low and the market remains a firms sellers market across 16 of NZ’s 19 regions in the survey………………………………………..Full Article: Source


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