Property market listings stay at the bottom of the barrel

For Auckland, Waikato, Bay of Plenty, Gisborne, Hawke's Bay, Wellington, Southland, Coromandel, Central Otago/Lakes District, Wairarapa, Central North Island, and Manawatu/Whanganui, new listings were at record lows for any June since 2007. 

Year-on-year, listings were down by more than 20% nationally and in 12 of the 19 regions monitored.

The property website had 6,218 new residential listings last month, down 21.2% compared to June last year and down 17.6% compared to pre-Covid levels in June 2019.

A total of 24,676 residential properties were available for sale at the end last month, which was down just 6.1% compared with June last year.