Below is an edited extract of Economist Tony Alexander’s latest REINZ survey of licensed real estate agents. In this month’s survey a net 16% of responding agents have reported that they are seeing fewer people showing up at auctions. A net 47% have reported prices as falling, only slightly better than the net 66% of late-July. This month’s survey has revealed a very strong change in the proportion of agents reporting more people asking for property appraisals. A net 20% of agents have reported more requests compared with a net 13% last month reporting reduced enquiries.

Source: Stuff September 08, 2022 01:34 UTC