House listings, selling times dwindle in regions, prices tipped to rise

 

There is further evidence that higher prices for housing outside Auckland are on the cards this year.

The Real Estate Institute (REINZ) said the pace of selling outside Auckland and Canterbury/Westland, the two main population centres, was picking up fast.

Stocks of housing on the market or “inventory” had “significantly declined” between December 2014 and December last year, shrinking from 40.3 weeks to 20.5 weeks.

The housing inventory is measured by the number of weeks it would take to clear the backlog of properties on the market.

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Auckland overtaken as country’s housing growth engine
Rotorua house sales surge 71 per cent

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LIZ MCDONALD/FAIRFAX NZ
Fewer houses on the market and quicker sales are now the order of the day in the regions.

VIA STUFF

 

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