2 Apr 2024

Property listings back to normal after years of low numbers

From Morning Report, 6:20 am on 2 April 2024

New property listings are back to normal according to realestate.co.nz after years of unusually low listings.

That's despite high interest rates and high inflation.

In March, new listings were up nationally by 23.9 percent year-on-year and in all regions except Nelson and Bays and the West Coast, while stock lifted back to levels not seen since 2015.

Prices meanwhile have remained stable even as demand remains robust.

Realestate.co.nz spokesperson Vanessa Williams spoke to Corin Dann.