December house sales fall to seven-year low

Wed, 16 Jan 2019

By Rebecca Howard Jan. 17 (BusinessDesk) - The final month of the year saw the lowest number of residential properties sold in a December month in seven years, according to the latest data from the Real Estate Institute of New Zealand. The number of houses sold across the country in December fell to 5,330, 12.9 percent fewer than a year earlier. In Auckland alone, the number of properties sold fell 24.3 percent on the same month previous year, the lowest in a decade. “While December is usually a quiet month as people focus on Christmas...

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