An 18 per cent surge in new house sales listings in November from October indicates sellers were reluctant to place their houses on the market during the Rugby World Cup, and that the 'active summer season' has begun, realestate.co.nz says.
In its latest monthly NZ Property report released Thursday morning, realestate.co.nz CEO Alistair Helm said the strong surge of new listings on to the market gave variety for prospective buyers, who had been active over the winter and spring months.
However the market still favoured sellers, Helm said.
"With this new flow of listings has come what can be considered to be a confident position by sellers on asking price which whilst slipping slightly in the month, continues to show a slow but steady increase over the past few years," Helm said.
The truncated mean asking price in November was $425,956, down from $434,161 in October.
