Monday 3rd January 2011 2 Comments |
Text too small? |
A drop in house prices for December and a decline in properties listed for sale, is good news for home buyers, a property website says.
Realestate.co.nz's New Zealand property report said December listings hit an all-time low and asking prices continued to drop, easing as the market relaxed into summer.
There were 8924 new listings in December, a drop of 14% on December 2009 and the lowest number for four years.
The mean asking price for the new listings added in December also fell slightly from the previous month to $415,750, from $417,660.
Realestate.co.nz chief executive Alistair Helm said the low level of new listings would ease pressure on inventory of unsold houses, which have risen for six months in a row.
December was a traditionally a low listings month as vendors were keen to list before the Christmas season in October and November or leave it until January or later, Helm said.
NZPA
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming