Tuesday, Feb 12, 2008
Auckland prices plummet
NZ Herald: Residential property "Buyers' market"
NZ prices over the edge as reality bites. National median price down from $345,000 to $340,000.
Auckland City prices plummet from $510,000 in Dec 07 to $433,000 in January 08 - more than 15% in one month.
Vested interest, the Real Estate Institute of NZ, tries valiantly to put the figures down to holiday factors and focus attention on annual figures, which are still positive for the country as a whole (3% since Jan 07).
Number of sales in Jan 08 5,186 compared with 7,566 in Jan 07. Days to sell has blown out 49, the highest figure since 2002.
Number of $1m plus properties sold nationally dropped from 186 in December to 119 in January.
Posted by fjr @ 11:50 PM (170 views) Add Comment
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