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Housing Market Stalls: New Zealand's Buyer-Friendly Scene
Description
New Zealands housing market is experiencing a slowdown, reminiscent of 2021, with sales and prices stagnant. Agent surveys show a net 44% reporting falling prices, a stark contrast to the 92% reporting gains in early 2021. Open home crowds are dwindling, and the Iran war has further dampened the markets momentum. However, first-home buyers remain active, with a net 26% of agents noting an increase in this group. The market is currently steady but uncertain, favoring new buyers while sellers hold back.
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