Property listings hit $115 billion, as prices continue to ebb
Central Otago Lakes again bucks the trend, as prices ramp up by 7%, while the overall market reflected a 'rare balance' of supply and price stability.
There was increased inventory across all of New Zealand's 19 regions last year.
There were 110,000 real estate listings, valued at $115 billion, on the market last year, according to the country's biggest listing site, Realestate.co.nz.
That was an increase of 19,000 on 2023, and a 19.4% increase by value on the prior year. The average asking price of $892,579 was largely
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