The housing market is stagnant and the Reserve Bank is likely to raise interest rates twice more this year, according to ANZ New Zealand's economists. "The housing market looks stagnant," they state in their latest New Zealand Property Focus Report. The report said that housing sales are normally soft in January as buyers, sellers and agents all take a Christmas/New Year break. Days to sell in Auckland are back near their 2022 peak, with the average home taking around 48 days to sell. We send it out 3-5 times a week with all of our property-related news, including auction results, interest rate movements and market commentary and analysis.

Source: Stuff February 20, 2024 06:34 UTC