New Home Listings Rise 9% Year-on-Year
Here’s a summary of the key facts from the provided text:
Market Uptick: There’s an increase in new property listings, suggesting a potential return of confidence among vendors after a slow winter. This is being described as “spring hitting the property market early.”
Regional Variations:
Increases: Nine out of 19 regions saw listing increases compared to last year.Auckland (+13.4%), wellington (+11.5%),and Waikato (+9.1%) experienced the largest gains.
Decreases: Central Otago/Lakes (-12%), Manawatū-Whanganui (-9.6%), and Hawke’s Bay (-4.1%) saw the biggest declines in listings. Canterbury was also down 2%.
Price Stability: The national average asking price is stable at $862,652, only 1.7% higher than the same time last year. Expert Opinion: Vanessa Wood (likely a real estate professional) believes the increased listings will attract buyers and further boost seller confidence.
