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26 Aug 2024 5:46
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      Home > News > Business

    The housing slump is continuing

    The housing slump is continuing

    15 July 2024
    Latest figures from the Real Estate Institute show the total number of homes sold in the past year is down 25.6 percent the previous year.

    The national median house price is down 1.3 percent.

    Real Estate Institute chief executive Jen Baird says it's normal to see a slowdown over winter, but this slowdown is worse than in previous years.

    She says this decline is deeper than in previous years, due to the wider economic conditions.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     25 Aug: Some signs of momentum in the property market heading into spring
     24 Aug: Safari Meats dried and cured meat products have been recalled -- while New Zealand Food Safety investigates reports of illness relating to the products
     24 Aug: It's still a dim outlook for the retail sector with sales down for the eight quarter in a row
     23 Aug: Things are looking up for Fonterra farmers
     23 Aug: A slide in profit for the country's largest port
     23 Aug: Christchurch bus patronage numbers have reached new heights - superseding a former record
     23 Aug: A second lot of changes to the Resource Management Act has been announced
     Top Stories

    RUGBY RUGBY
    To NPC rugby action on Auckland's North Shore.. More...

    BUSINESS BUSINESS
    Some signs of momentum in the property market heading into spring More...


     Today's News

    		 Law and Order:
    A man's before court today charged with the killing of a 60-year-old in Patea over the weekend 4:57

     International:
    Israel's military struck several areas in southern Lebanon in response to Hezbollah strikes — as it happened 23:16

     Law and Order:
    Crash and suspected stabbings injure six, including police officer, at Engadine in Sydney's south 21:57

     Politics:
    The Government's claiming early success for its controversial fast track bill 21:56

     Environment:
    MetService is warning of severe weather in the Tararua and Westland Ranges 21:17

     Auckland:
    Sandspit Road in Warkworth, north of Auckland has re-opened after a crash 20:57

     Rugby:
    To NPC rugby action on Auckland's North Shore.. 18:37

     Rugby League:
    The Roosters have thumped the Titans 48-22 on the Gold Coast to reclaim second on the ladder in league's NRL 18:07

     Law and Order:
    An apparent conspiracy theorist has stabbed multiple people after a two-car crash on a major Sydney highway 17:37

     Rugby:
    Three-from-three to start the new NPC rugby season for Wellington 16:57

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