REINZ Released their data for APRIL, and as expected property prices and momentum are moderating, with a further slowdown in sales activity, more moderate price growth and, as properties stay on the market for longer.
Across New Zealand, the number of residential property sales decreased annually by 35.2% in April 2022, from 7,497 in April 2021 to 4,860. The sales count for New Zealand excluding Auckland, decreased 31.7% annually from 4,815 to 3,287.
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