Property Market Still Feeling Its Way

Uncertain times as this article suggests are the best times to get bargains. I am quite sure that in a year or two many who hesitated will look back and wish they had  acted sooner. The old saying that “he who hesitates is lost” was never truer than today.

OMN

Uncertainty dogs NZ property market

Last updated 11:08 01/11/2011

The Auckland market is leading the way in a rise in asking prices for homes, with the national figure up 2 per cent in October to $434,161, according to industry figures.

However, the inventory of unsold homes on the market moved up again, to the equivalent of 38.5 weeks of stocks at present sales rates.

The NZ Property Report from Realestate.co.nz shows the Auckland region led the trend of rising asking prices, recording its highest average asking price – $568,778 – since Realestate.co.nz began tracking the market data in 2007.

http://www.stuff.co.nz/business/industries/5887023/Uncertainty-dogs-NZ-property-market

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