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NZ: Property market remains tight over summer

Posted on 01 February 2013

The New Zealand property market remained tight in January as new listings maintained their traditionally low levels for summer, while asking prices rebounded to near record levels on the back of continued seller confidence and no ease in buyer demand.
Data released in the NZ Property Report – a monthly report of housing market activity compiled by Realestate.co.nz – showed 8,849 new listings arrived on the market in January – a lift of 4% on levels recorded in both the previous month and at the same time last year. Paul McKenzie, Marketing Manager for Realestate.co.nz, says that while January’s numbers of new listings always tend to be low in comparison to the rest of the year, buyer interest in property for sale has never been higher. (Press Release)


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