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.
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