Housing stock and new listings down

The Otago Lakes region hasn't been hit as hard by the economic downturn as the rest of the country. (Image: BusinessDesk)

Staff reporters

Tue, 01 Aug 2023

Open homes and auction rooms were busier last month but new listings and housing stock numbers fell. Realestate.co.nz said July's 6,156 new listings reflected a 17.6% national drop on annual numbers and was the lowest number for any July since records began in 2007.Stock, meanwhile, was down 12.4% year-on-year in July.The property firm's spokesperson Vanessa Williams says prices have held fairly firm since the beginning of the year, at a national average of about $870,000. And while that's still down more than $1...

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