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PHOTO: All-time low for new house listings across New Zealand while asking prices continue to climb despite increasing total stock numbers
Real-time statistics from realestate.co.nz show that nationally, in December, the average asking price hit an all-time high while new listings dropped to the lowest level on record.
The latest figures show new listings are down 6.2 per cent in December compared with December 2016 – just 7,133 compared with 7,606 – and are at an all-time low. The average asking price hit $660,798 up 3.8 per cent from November 2017.
Total housing stock continues to build, up 9.3 per cent when compared with December 2016.
READ MORE VIA REALESTATE.CO.NZ