Kiwi for sale market continues to stall

Kiwi for sale market continues to stall

The average asking price for a New Zealand property remained static in July, up a paltry $250 on the previous month to a new high of $591,100 according to the latest Trade Me Property Price Index.

Head of Trade Me Property Nigel Jeffries said the for sale market looked to be easing. “In June we saw the market take its foot off the gas, and in July it has coasted along. The average asking price is up 10 per cent on last July, and since March this year it has only risen by $18,000. It will be interesting to see whether this slow-down is a pattern through to the end of the year.”

Full report is available here

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