PHOTO: 123RF – Auckland was the only region with an increase of more than 10 per cent in the number of houses available for sale.
Property listings website Realestate.co.nz says Auckland’s housing market favours buyers to an extent not seen for nearly nine years.
The total number of homes for sale in the city in October was up 17 per cent on 2017, to 9906. There were 4449 new listings in the month, 20.1 per cent more than the same time last year.
Spokeswoman Vanessa Taylor said given the level of new listings, the total number of properties for sale and the slowing sales rates, Auckland purchasers were in a better position than they had been for nine years.
“It means that buyers have a lot more choice and can take a considered approach to their buying process,” she said.
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