Interest.co.nz·3 min read·medium
REINZ figures show national house prices and sales numbers both declined in June
✦AI Summary
New Zealand's housing market experienced a decline in both sales volumes and prices during June, attributed to seasonal factors and economic uncertainty. The Real Estate Institute of NZ reported an 11% drop in sales compared to May.
The housing market is feeling the effects of a cold, wet winter, rising mortgage rates and economic uncertainties with sales numbers and prices both taking a slide in June.
economybusiness
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