Big supply drop hits Auckland, Northland house sales

  • The number of Auckland and Northland houses for sale has dropped by nearly a quarter in the past year and lack of supply is an issue, according to the country’s largest real estate agency business.

Harcourts has today released figures showing a 22.9 per cent listings drop between April last year and last month.

Chris Kennedy, Harcourts chief executive, said a number of factors were coming into play.

READ MORE VIA NZHERALD

Harcourts

Harcourts says low interest rates and high demand is fuelling the northern region’s property market. Photo / NZME

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