July 2024

New Zealand Housing Market Slumps in June Amidst Rising Listings and Waning Demand

person By Vikram Jethwani alarm 29th Jul, 2024

The New Zealand housing market slumps experiencing a significant downturn in June, with the nationwide median sale price dropping by 1.3% year-on-year and house sales plummeting by 25.6% over the same period. Data from the Real Estate Institute of New Zealand reveals that this marks the worst sales count for a June month since 2008, with Auckland e...