New Zealand Housing Market Braces for Winter with Growing Unsold Stock



The New Zealand housing market faces challenges as unsold properties accumulate and new listings surpass actual sales, leading vendors to make tough decisions.

The New Zealand housing market is facing a challenging winter ahead, with a growing mountain of unsold stock and an influx of new listings outpacing actual sales. According to property website Realestate.co.nz, there were 33,815 residential properties available for sale at the end of April, marking the highest level of stock on the site since April 2015. This represents an 18.1% increase compared to the same period last year.


New Zealand Housing Market Braces for Winter with Growing Unsold Stock

The imbalance between new listings and sales is evident in the March figures, where Realestate.co.nz received 11,455 new listings while the Real Estate Institute of NZ recorded only 6521 sales. This disparity means that more properties are entering the market than are being sold, leading to a growing inventory of unsold properties.

For vendors with unsold properties, this situation presents a dilemma. Should they lower their asking price in an attempt to attract buyers? Should they temporarily remove their property from the market and try again later? Or should they leave their property on the market and hope for improved conditions in the future? None of these options are ideal, leaving sellers in a difficult position.

As the New Zealand housing market grapples with an oversupply of properties, vendors will need to carefully consider their next steps to navigate these challenging conditions. With the market showing signs of strain, it remains to be seen how sellers will adapt to the evolving landscape.

The New Zealand housing market is facing a tough winter ahead, with an increasing number of unsold properties and a surplus of new listings. Vendors will need to make strategic decisions to address this imbalance and navigate the current market conditions effectively.

New Zealand Housing Market Braces for Winter with Growing Unsold Stock

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone


Dutch Home Prices to Rise 14% by End 2026; De Nederlandsche Bank Predicts No Recession

De Nederlandsche Bank forecasts a 6% increase in Dutch home prices this year, with a steady 4% rise in the next two years. No more fear of recession for the Dutch economy.

De Nederlandsche Bank forecasts a 6% increase in Dutch home prices this year, with a steady 4% rise in the next two years. No more fear of recession for the Dutch economy.

Read more

Discover Why Costa Blanca Still a Top Choice for Foreign House Buyers in Spain

Discover why ALICANTE province, particularly the Costa Blanca, remains a top destination for foreign investors looking to invest in real estate in Spain, with 44% of property transactions in 2023 carried out by non-Spaniards.

Discover why ALICANTE province, particularly the Costa Blanca, remains a top destination for foreign investors looking to invest in real estate in Spain, with 44% of property transactions in 2023 carried out by non-Spaniards.

Read more

America's Rental Market: Regions with Climbing and Falling Rents

Discover the latest data on rental market trends in America, including regions where rents are on the rise and where they are falling.

Discover the latest data on rental market trends in America, including regions where rents are on the rise and where they are falling.

Read more

Purpose-Built Rentals: The Future of Commercial Real Estate?

Discover the future of commercial real estate with purpose-built rentals as highlighted in the latest Re/Max report. Explore how landlords are shifting towards this trend for increased density and profitability.

Discover the future of commercial real estate with purpose-built rentals as highlighted in the latest Re/Max report. Explore how landlords are shifting towards this trend for increased density and profitability.

Read more

US Homeowners Experience Near-Record Highs in Home Equity Growth

Discover the latest CoreLogic report findings showing US homeowners gaining an average of $28,000 in home equity over the past year.

Discover the latest CoreLogic report findings showing US homeowners gaining an average of $28,000 in home equity over the past year.

Read more

Rare Low-Rise City Centre Homes Portfolio Hits UK Residential Real Estate Market

Explore the latest update on the UK residential real estate market with the launch of a unique portfolio of 262 single-family houses in city centres, designed for institutional ownership in the UK rental real estate market.

Explore the latest update on the UK residential real estate market with the launch of a unique portfolio of 262 single-family houses in city centres, designed for institutional ownership in the UK rental real estate market.

Read more

Rise in Landlords Investing in Semi-Commercial Real Estate

Discover why investors are flocking to semi-commercial real estate, with applications doubling in 2024. Learn more in our latest blog post.

Discover why investors are flocking to semi-commercial real estate, with applications doubling in 2024. Learn more in our latest blog post.

Read more

Nearly Half of Landlords Planning to Buy More Properties | Landbay Survey

Landbay's latest survey shows strong landlord demand, with nearly half looking to purchase more properties in the next year.

Landbay\'s latest survey shows strong landlord demand, with nearly half looking to purchase more properties in the next year.

Read more

Canada: Montreal Home Sales Increase as Prices Surge

The Montreal real estate market sees a rise in home sales, with prices on the upswing. Find out more about the latest trends in the region.

The Montreal real estate market sees a rise in home sales, with prices on the upswing. Find out more about the latest trends in the region.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.