NZ house sale volumes drop across the country in August

Thu, 14 Sep 2017

By Tina Morrison Sept. 15 (BusinessDesk) - The number of property sales across New Zealand dropped by 20 percent last month, with none of the 14 regions recording an increase, according to the Real Estate Institute of New Zealand. A total of 5,896 properties were sold across the country in August, down from 7,368 sales in August last year, REINZ said. The institute noted that the failure of any region to increase sales in a month has only occurred three times in the last seven years. The median number of days it took to sell a property in...

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