Property sales slump - is this the sign of an imminent crash?

Property sales slump - is this the sign of an imminent crash?

by NZME
0 0 3 months ago
Real Estate Institute data out today revealed a whopping 12.9% drop in sales volumes in the last month.

It's significant not only because of the figure, but because at this time of year, sales volumes are normally very strong.

In fact, typically the number of sales usually sit well over the 7000 mark - but 6938 sales was the lowest number of properties sold for the month of March since 2011.

The median number of days to sell a property increased by two days from 34 to 36 last month ... See More

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