It also had housing stock down year-on-year in almost every region in New Zealand during December, with 16 of the 19 regions hitting all-time lows since records began 13 years ago. Abigail Dougherty/Stuff Auckland saw an influx of new listings in December, but it is still short of housing stock. Only Auckland, Gisborne and Central Otago/Lakes avoided record stock lows, but all three regions had their stock down year-on-year. They experienced stock decreases of 58.5 per cent, 50.3 per cent and 49.2 per cent respectively. New Zealand’s ongoing shortage of housing stock is considered to be one of the primary factors behind the runaway prices currently being seen across the market.

Source: Stuff January 06, 2021 16:02 UTC