| The New Zealand property market tightened further in November as ongoing high demand from buyers drove inventory levels of property for sale to a five year low, while asking prices registered another record high.
According to data released today in the NZ Property Report, inventory - which is measured by the number of weeks it would theoretically take to sell all unsold housing stock on the market - fell to 28.7 weeks in November (seasonally adjusted); a 29% drop from the same month last year, and well below the long term average of 39 weeks...............................................Full Article: Source |