Listing stock has hit the highest level for the past 24 months which saw an overall increase in properties available across New Zealand of 28.5 per cent. This shows a total portfolio now available to buyers of 19,897.

There have been substantive rises in listing stock on the realestate. co.nz website. The Hawke’s Bay now has 77 per cent more stock than the same time last year at 528 properties. While the Manawatu area has seen a rise of 121 per cent to 885 properties. Wellington is another market that has seen a substantive rise in properties available, now having 1,490 properties on the market, which is 111 per cent more than this time 12 months ago.

When we look at our Ray White real- time Pulse data, it shows that listings on the market continue beyond the same level from last year. It now shows that we have 4,558 properties listed for sale, which is a substantial rise on the same time last year, and equates to an additional 1,482 properties.