House prices down 7%

Título: House prices down 7%

Autor: ofInterestNZ

Descrição: http://www.interest.co.nz House prices down 7% from Dec peak Barfoot and Thompson data out They sell 39% of properties in Auckland They sold 453 properties in April Down 50% from April a year ago Listings up to a record 7,843 That means they are selling 1 in every 20 listings, that's down from 1 in every 5 a year ago. That's a clearance rate of just over 5%. That's down from an average of 19% in 2007 and 20% in 2006. Not enough demand, too much supply equals a lot of wasted glossy paper Prices down 7% to $520k from$560k in December Peter Thompson says prices are still holding and the market is not in freefall as some in the media would have you believe New listings coming on dropped from 2049 in Feb to 1590 in April Remember just 453 sold so that's 3 new properties coming on for every 1 sold The Auckland Housing market has ground to a halt People selling have accept lower prices Where Auckland goes, the nation follows

Duração: 2:55

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