PHOTO: 123RF – Auckland asking prices are down and the number of available houses for sale is up 6 per cent compared to 2017.
Property asking prices fell in five regions of New Zealand last month, creating opportunities for house-hunters.
Realestate.co.nz has released its data for March, which shows weakness in some of the country’s main centres.
Auckland’s average asking price was down 1.3 per cent from February to $949,538. Central Otago/Lakes dropped 5.2 per cent to $879,325. Southland was down 4.1 per cent to $289,796, Canterbury down 2.8 per cent to $488,157 and Otago down 1.3 per cent to $386,793.
Realestate.co.nz spokeswoman Vanessa Taylor said it was surprising to see all the main centres affected by the drop.
“It’s an unusual situation, but it can also provide some good opportunities for prospective buyers and sellers.”
READ MORE VIA STUFF