Fewer houses sold in June says REINZ

Thu, 11 Jul 2019

By Rebecca Howard July 12 (BusinessDesk) - Fewer houses are selling and it’s taking longer to sell them, data from the Real Estate Institute of New Zealand shows. The number of residential properties sold across New Zealand fell to 5,978 in June, down 3.8 percent from the 6,213 sold a year earlier, REINZ said. Excluding Auckland, the number of properties fell 4 percent to 4,159. The June sales were the lowest for a June month in five years. Hawke's Bay saw 287 houses sold, down 26.8 percent from a year ago, while Taranaki saw 139 hom...

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