Average asking prices on property website TradeMe Property declined for the second month in a row in May, suggesting vendors are becoming more realistic about their price expectations. Across the entire country the average asking price declined by 2.3% in May compared to April. "The median days on [the TradeMe Property web] site increased to 68 days for May, an increase of six days from April. "When properties remain on the market for longer, we generally start to see sellers adjusting their expectations and asking price," she said. •You can have articles like this delivered directly to your inbox via our free Property Newsletter.

Source: Stuff June 12, 2024 01:28 UTC