Predictions real estate agents will drop out as house sales plummet

Almost 16,000 real estate salespeople had just 5428 residential property sales between them in September, data shows.

That means at least two-thirds of agents went through the month without a pay cheque.

Real Estate Institute statistics for September show the number of properties sold dropped 26.2 per cent, year-on-year.

​The drop was not just in Auckland, which has led the market slowdown. For the whole of New Zealand, excluding Auckland, volumes dropped 23.7 per cent, compared to 2016.


All 16 regions had a drop in the number of properties sold in September compared to the same month the year before.


1 Comment

  1. Author

    Click through to the STUFF site and read the brutal comments….

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