NZ house sales drop 9.9% in March, take longer to sell as Auckland market cools

Mon, 16 Apr 2018

By Paul McBeth April 17 (BusinessDesk) - New Zeland house sales fell 9.9 percent and took a day longer to sell in March from a year earlier as a cooling Auckland property market continued to weigh on the national outlook. The number of houses sold fell to 7,768 in March from 8.622 a year earlier, which was the biggest sales month in 2017, with Auckland sale numbers down 12 percent to 2,386, the Real Estate Institute of New Zealand said in a statement. The median number of days to sell increased to 34 days from 33 days a year earlier, wit...

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