Asking prices down almost $100k, but flickers of life return

First-home buyers also heading back to auction rooms. (Image: BusinessDesk)

Wed, 14 Jun 2023

Real estate asking prices are down on average by $99,500 on last May, but there are signs that life is returning to the market for the first time in two years.Latest data from property auction site Trade Me showed an average national asking price of $850,150 last month which, while down 10.5% year-on-year, reflects a “levelling out” from the 10.9% falls across the prior two months.Trade Me property sales director Gavin Lloyd said the slower pace of decline, alongside the seeming end of interest rate rises, gives some promise that bu...

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