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6 Jul 2025 10:21
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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.

    © 2025 Newstalk ZB, NZCity


     Other Business News
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     Top Stories

    RUGBY RUGBY
    All Blacks coach Scott Robertson has been left annoyed by a couple of key factors in their 31-27 win over France in Dunedin More...

    BUSINESS BUSINESS
    Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland More...


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     Tennis:
    Another milestone for 24-time Grand Slam tennis champion Novak Djokovic 8:07

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