If you are looking to buy a house in the upper half of the North Island at the moment, you may have limited options.

New data from Realestate.co.nz shows that the number of new property listings in August fell 17.5 per cent across the country, year-on-year. Only 8729 new listings were registered across the country during August.

Only the West Coast and Hawke’s Bay had more listings than last year.

The upper half of the North Island saw the most dramatic falls in new listings compared to the same period last year, with Auckland down 22.7 per cent, Waikato 23.2 per cent, Northland 24 per cent and Coromandel 37.6 per cent.

READ MORE: One key to real estate success

SUPPLIED: Central Otago’s average asking price broke through the $900,000 threshold for the first time, Realestate.co.nz said.



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