New Zealand's property market experiences modest 2.9% growth, increased new listings, and stock levels returning to 2015 levels amid economic challenges.
New Zealand's property market remains resilient amid economic challenges, with the national average asking price experiencing modest growth of 2.9% over the last 12 months. New listings rose nationally by 23.9% year-on-year in March, and stock levels returned to 2015 levels. Despite factors such as rising interest rates and inflation, the market has displayed signs of stability and normalization. Five regions experienced increases in average asking prices, while stock levels reached 2015 levels, potentially indicating more favorable conditions for buyers.
April 01, 2024
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