by The Landlord
Auckland registered another record high for asking prices.
The website’s NZ Property Report - a monthly report of housing market activity compiled by Realestate.co.nz - showed 10,365 new listings on the national market in August, a 10% jump from the previous month and a 2.4% rise on the same month last year.
While national asking prices remaining steady at $430,443, the Auckland region registered a record average asking price of $585,482, the highest level in five years, and a rise on the previous high registered in May this year.
Paul McKenzie, marketing manager of Realestate.co.nz, said Auckland also registered a record low for inventory, at just 18 weeks.
"The sellers’ market that has persisted for much of this year has not abated, but buyer interest remains high, so the strong level of new listings should provide some healthy selection for spring.”
McKenzie said national inventory was also stable at 30.9 weeks, barely shifting from the previous month, but still fell well below the long term average of 40 weeks.
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