Housing at an all-time high

Average asking prices hit an all-time high in December, while new listings sunk to an all-time low, according to the latest figures from realestate.co.nz.

New listings were 6.2% lower in December 2017 (7,133) compared to the same month a year before (7,606). Total housing stock was also 9.3% higher than December 2016. On the other hand, the average asking price hit $660,798 up 3.8% from November 2017.

Average asking prices hit an all-time high in December, while new listings sunk to an all-time low, according to the latest figures from realestate.co.nz.

New listings were 6.2% lower in December 2017 (7,133) compared to the same month a year before (7,606). Total housing stock was also 9.3% higher than December 2016. On the other hand, the average asking price hit $660,798 up 3.8% from November 2017.

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