The Inevitable Result

More houses selling – and faster
By Hana Garrett-Walker
Apr 16, 2012

Reinz figures show a surge in sales for March back to levels of five years ago.

Houses are selling at a rate which hasn’t been seen since 2007, latest figures show.

The number of houses sold around the country last month was up by 25.3 per cent when compared with the same time last year, and was the best monthly result seen since November 2007, according to the Real Estate Institute of New Zealand (Reinz) figures released today.

Houses are flying off the market quicker, with the median days to sell down 23 per cent – from 46 to 35 days – when compared with February.

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