NZ house sales fall in January, take longer

Wed, 13 Feb 2019

By Paul McBeth Feb. 14 (BusinessDesk) - New Zealand's real estate turnover shrank in January as deals took longer to close and prices rose at a slower annual pace. Real Estate Institute of New Zealand figures show there were 4,372 houses sold across the country in January, down 2.5 percent from January 2018, while the median time it took to sell was 48 days, two more days than a year earlier. That's the longest time to sell for any month since February 2012. REINZ chief executive Bindi Norwell said January is typically a quiet month,...

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