Auckland's overheated housing market is losing steam

Tue, 13 Mar 2018

By Tina Morrison March 14 (BusinessDesk) - Auckland's overheated housing market is slowing, with price growth lagging behind other main centres as it takes longer to sell a property and the number of houses available for sale increase, according to the latest monthly data from the Real Estate Institute of New Zealand. The median number of days it took to sell a property in Auckland - a gauge of underlying demand - increased by six days to 49 in February, up from 43 in February last year and the highest number of days it's taken to sell a...

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