Real estate searches up, listings down, auctions improving

Queenstown-Lakes has seen asking prices ramp up. (Image: BusinessDesk)

Mon, 03 Jul 2023

Property searches ticked up 8.6% while new real estate listings remained suppressed by more than a fifth in June, down almost 2,000 homes at 6,218 properties, according to property site realestate.co.nz.Total residential stock levels sagged 6.1% nationally to 31,267 homes, as vendors adopted a "wait and see" approach on the back of inflationary and interest rate pressures.Realestate.co.nz general manager of marketing Vanessa Williams said asking prices, however, had stabilised as more certainty crept into the market and as interest ra...

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