https://www.interest.co.nz/prope ... -trending-down-most
New listings hit record low on Realestate.co.nz in July, asking prices trending down in most major centres Average asking prices have also been trending down, falling from $702,090 in February to $646,842 in July.
The average asking price in Auckland was $890,603 in July. In May, average asking prices in Auckland dropped below $900,000 for the first time since August 2016, and they have stayed there ever since. Other regions showing a falling trend in average asking prices were Coromandel, Waikato, Bay of Plenty, Wairarapa, Wellington, Nelson Bays and Canterbury. The decline in prices would probably have been greater if new listings hadn't trailed off, preventing a glut of unsold properties building up.
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