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New Zealand housing market sees surge in listings, offering buyers more options and lower prices.
New listings on Realestate.co.nz reached an 11-year high in August, with 30,000 properties available for sale, up 1.4% from last year.
This surge gives buyers more choice and leverage in price negotiations, while the average asking price is down $11,741 from May.
Economists suggest it's a good time to buy due to lower interest rates and improved affordability, despite only 18% expecting price rises.
Buyer confidence remains solid but has softened slightly, especially in Auckland and the South Island.
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El mercado de la vivienda de Nueva Zelanda ve un aumento en los listados, ofreciendo a los compradores más opciones y precios más bajos.