The housing market was flooded with new listings in February, giving buyers plenty of choice. Property website Realestate.co.nz received 11,788 new residential listings in February, up 45% on February last year and the highest number of new listings the website has received in the month of February since 2017. That pushed the total number of residential properties available for sale on the website to 31,424 at the end of February, up 8.1% on February last year. That means the amount of stock on the market at the end of February was the highest it has been in any month of the year since June 2015. It was also the only time since November 2015 that the total number of residential properties for sale has been above 30,000.

Source: Stuff March 02, 2024 09:46 UTC