According to Realestate.co.nz, confidence and activity are gradually returning to the New Zealand property market. An interesting highlight from the data is the significant increase in new listings compared to the previous month, with a rise of 20.9%. In August, eight out of 19 regions had more listings compared to the previous year. Williams believes that spring has arrived early in the property market this year, as evidenced by the increased search activity and auction popularity. This situation is reflective of the principles of supply and demand, among other factors that influence the property market.

Source: Stuff August 31, 2023 23:15 UTC