New Zealand Houses Are Selling Faster as Buyers Return to the Market
- Median time to sell in December was lowest since March 2022
- House prices post first annual gain in 18 months, REINZ says
House prices in New Zealand are recovering after a prolonged slump that coincided with a steep rise in mortgage interest rates.
Photographer: Mark Coote/BloombergThis article is for subscribers only.
New Zealand houses are selling faster as signs that interest rates may have peaked encourage more buyers to enter the market.
The median time to sell a house in December was 36 days, Real Estate Institute of New Zealand data showed Thursday in Wellington. That’s the lowest since March 2022 and down from a peak of 60 days in February last year.