Claire Rogers at Stuff.co.nz reports:
House asking prices edged up last month as, despite buyers having more choice than this time last year, the market remains on the side of sellers.
Sales outstripped listings at a faster rate than the historical average, listings website realestate.co.nz said.
The website’s latest property report shows 9411 new listings last month, slightly down on a seasonally adjusted basis but up 5 per cent year-on-year. Asking prices increased 1 per cent on June and are up 4 per cent year-on-year.
House asking prices in the three main cities all increased last month on June, with the mean price tag in Canterbury setting a new record price – up a seasonally adjusted 0.9 per cent to $393,433 – for the third consecutive month.
Good for the real estate market!and the real estate agents.