NZ residential property sales dip in June as winter chills affordable housing turnover

Mon, 16 Jul 2018

By Paul McBeth July 17 (BusinessDesk) - New Zealand house sales fell 1.6 percent in June from a year earlier as a cooling in activity followed the onset of winter was limited to what's considered affordable housing, pushing out the time to sell and sapping the number of available listings, says the Real Estate Insitute. The number of houses sold fell to 6,034 in June from 6,131 a year earlier, with available listings down 3.8 percent to 22,605, Reinz said in a statement. The median time to sell took two days longer at 38 days. Still, the...

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