A significant gap is opening up in the residential property market, which could foreshadow a major property slump. It's the gap between the number of properties listed for sale each month and the number that are selling. Generally the smaller the gap the hotter the market, while a larger gap means the market is slower. At the moment the gap is getting bigger and it's opening up surprisingly quickly, suggesting a major shift in the market is underway. The bottom orange line is the number of residential sales recorded each month by the Real Estate Institute of NZ.

Source: Stuff June 24, 2022 23:42 UTC