Increase in property listings creates buyers market in New Zealand, it is claimed

[Nicholas Wallwork]

An increase in new listings is keeping the real estate market in New Zealand in negative territory*and very much in favour of buyers, according to the latest report.

More than 14,000 new listings were added to the New Zealand property market in March, bringing*the number of unsold homes to 55,623 and it will take more than a year to clear the available*stock, says the report from realestate.co.nz.

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