New Zealand property prices remain stable amid economic headwinds, as supply meets demand.

Despite economic headwinds, New Zealand property prices have remained stable, with the national average asking price fluctuating between $860k and $890k since November 2022. Sarah Wood, CEO of realestate.co.nz, attributes this to supply meeting demand, with both stock levels and the number of property seekers visiting the site increasing year-on-year. This alignment of supply and demand, as per economic laws, has resulted in price stability.

June 03, 2024
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