Market Tightening

If more evidence was needed that the property market is recovering we have it here. What a difference from the past years when the gloom and doom merchants predicted a mega- crash and a flood of unsaleable houses.

As  have been saying for months now a housing crisis is building up and the likelihood of further price rises is becoming more certain by the day.

 

Big drop in houses for sale in centres

01/01/2012

Big cities may be heading for a shortage of homes for sale.
Just 8732 new listings came on the property market in December, down by a third on the previous month, according to Realestate.co.nz.
The drop in listings was greatest in Auckland, Wellington and Christchurch.
In the Wellington region there were just 571 new listings in December, down 52 per cent on November.
December is usually a quieter period for new listings.

http://www.stuff.co.nz/business/money/6206391/Big-drop-in-houses-for-sale-in-centres

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