News & Research

New listings are dropping further

06 September 2017

The number of new listings coming onto the market have dropped further over the past month after already typical seasonal lows in the early weeks of winter. The drop was most pronounced in Auckland.

The year-on-year change is well down across each of the main regions, including in Waikato where last month we noted there was an increase. The seasonal lift that would have usually occurred appears to have been delayed due to the noted slowdown in the market, but there are signs of a slight lift.

New Listings

 

 

Total listings have dropped away over the last month as the volume of new listings hasn’t replaced the few sales that have occurred.  

The total stock of properties on the market still remains high in Auckland - 38% higher than the same time a year ago – although this has dropped from last month.

Elsewhere the picture remains mixed – with the Bay of Plenty still well up on this time last year, but Otago and now Wellington, well below. 

Total Listings

 

Read more on the latest property trends by downloading your free copy of the CoreLogic August / September Property Market & Economic Update Report, available now. 

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