NZ house sale volumes drop across all regions in September

Wed, 11 Oct 2017

By Tina Morrison Oct. 12 (BusinessDesk) - The number of property sales across New Zealand dropped 26 percent last month, with all 16 regions recording a decline, according to the Real Estate Institute. A total of 5,428 properties were sold across the country in September, down from 7,352 sales in September last year and marking the lowest level for the month in six years, REINZ said. The median number of days it took to sell a property increased to 34 from 31 in September 2016 while the number of auctions, which is generally an indicator...

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