Dec NZ Property Report: Record highs to record lows, but yes, it’s still a sellers market…

Hello and a Happy New Year to all!

An even happier New Year if you’re still on holiday, but I suspect that like me, you are clawing your way back into the real world this week. To make the transition a little easier, I’ve put together a gallery of some delightful summer views from properties featured on our site. You can pretend that you’re still on vacation…..or perhaps you’ll find your new holiday spot for next summer.

Right, enough with the distractions. It’s all go back here at Open2view HQ.  So to kick things off, let’s take a quick look back at some of the main points from the NZ Property Report (thanks to realestate.co.nz) in the last couple of months of 2013……. before that holiday glow completely wears off!

Asking prices ease

There was a slight ease of the national asking price, dropping -6.3% to  $451,448  from October’s record high but with December still tracking 7% up from the same time in 2012. In the major centres, Canterbury is the only region to buck this trend, up 2% from November and 14% up on 2012.

Number of new listings

With everyone consumed by the lead up to Christmas and New Year, it’s no big surprise to see a drop in figures across the board, however the overall number of new listings slumped dramatically (-40% from November ) to a  new record low of 8,010.

Inventory levels

The inventory of unsold homes on the market did recover slightly, up 6% from November, but comparing the December stats with the same time last year, inventory is still well down on the 2012 figures: 2013 (38,804) vs 2012 (42,513).

As normal business resumes, an interesting wait for the next report to see if that national asking price returns anywhere close to that October record high. What are your predictions for the upcoming months? Let us know on our Facebook page. Or maybe just post us a pic from your summer holiday. Come on, make us jealous….

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